✨ Financial Statements
THE LINES COMPANY LIMITED - LINE BUSINESS ACTIVITY
| | 2003
$'000' | 2002
$'000' |
|-------|------------|------------|
NOTE 6 : LOANS
"Other" (The Lines Company Activities)
| 9,763 | 9,763 |
|---|
Perpetual
| 3,000 | 3,000 |
|---|
Bank of New Zealand Swaps
| 8,000 | 9,000 |
|---|
Total
| | 20,763 | 21,763 |
NOTE 7 : DEFERRED TAX
Fixed Assets
| 6,579 | 1,346 |
|---|
Accruals & Provisions
| (213) | (229) |
|---|
Total
| | 6,366 | 1,117 |
NOTE 8 : SHORT TERM LOANS
Bank of New Zealand Swaps
| 2,000 | 1,000 |
|---|
Total
| | 2,000 | 1,000 |
NOTE 9 : SEGMENTAL INFORMATION
The Lines Company Limited operates predominantly in one geographical segment. It is located in the mid-central North Island in the King Country. The head office is located in Tē Kūiti.
NOTE 10 : CAPITAL COMMITMENT
As at year end the company had no capital commitment (2002: $484,000).
NOTE 11 : CASHFLOW RECONCILIATION WITH NET PROFIT
Net Profit after Tax and Customer Discount
| 790 | 875 |
|---|
Add: Non cash items
Depreciation
| 3,144 | 2,661 |
|---|
Total
| | 3,934 | 3,537 |
Add/Less: Movements in Working Capital
| (Increase)/Decrease in Receivables | 238 | 926 |
|---|---|---|
| (Increase)/Decrease in Stock | (270) | (226) |
| ----------------------------------- | ------------ | ------------ |
| Increase/(Decrease) in Creditors | 148 | (154) |
| ----------------------------------- | ------------ | ------------ |
| Increase/(Decrease) in Provisions | (457) | 387 |
| ----------------------------------- | ------------ | ------------ |
| Increase/(Decrease) in Other | 459 |
| Total | 655 | 1,392 |
| Net cashflows from operating activities | 4,248 | 4,929 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 111
Gazette.govt.nz —
NZ Gazette 2003, No 111
✨ LLM interpretation of page content
💰
Notes to the Financial Statements for The Lines Company Limited
(continued from previous page)
💰 Finance & RevenueFinancial Statements, Loans, Deferred Tax, Short Term Loans, Segmental Information, Capital Commitment, Cashflow Reconciliation, King Country, Tē Kūiti