New Zealand Gazette – 2003 – No. 129

Page 3464

✨ Financial Statements



SCANPOWER LIMITED - LINES BUSINESS

STATEMENT OF FINANCIAL POSITION

FOR THE YEAR ENDED 31 MARCH 2003

| | Notes | 2003
$'000 | 2002
$'000 |
|---------------------|-------|-------------|-------------|
| EQUITY | | | |
| 7,500,000 Ordinary shares of $1 fully paid | | 7,500 | 7,500 |
| Retained earnings | 3 | (2,407) | (2,521) |
| Reserves | 3 | 46 | 46 |
| Shareholders' Equity | | 5,139 | 5,025 |

REPRESENTED BY:
CURRENT ASSETS
Cash and bank balances 965 100
Short term deposits 6 0 884
Receivables and prepayments 4 486 422
Tax provision 244 0
Inventories 5 104 92
Total Current Assets 1,799 1,498

| NON CURRENT ASSETS | | | |
| Deferred taxation | 2 | 0 | 59 |
| Capital works in progress | | 184 | 95 |
| Property, plant and equipment | 7 | 4,378 | 4,353 |
| Total Non-Current Assets | | 4,562 | 4,507 |
| TOTAL ASSETS | | 6,361 | 6,005 |
CURRENT LIABILITIES
Accounts payable 8 940 802
Employee entitlements 23 21
Tax provision 0 109
Total Current Liabilities 963 932

| NON CURRENT LIABILITIES | | | |
| Deferred taxation | 2 | 226 | 0 |
| Employee entitlements | | 33 | 48 |
| Total Non - Current Liabilities | | 259 | 48 |
| TOTAL LIABILITIES | | 1,222 | 980 |
| NET ASSETS | | 5,139 | 5,025 |

For and on behalf of the Board

DIRECTOR Signature

29 August 2003

DIRECTOR Signature

29 August 2003

The accompanying notes and policies form an integral part of these financial statements



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 129


Gazette.govt.nz — PDF NZ Gazette 2003, No 129




✨ LLM interpretation of page content

🏭 ScanPower Limited Financial Position Statement for 2003 (continued from previous page)

🏭 Trade, Customs & Industry
29 August 2003
Financial Statements, Equity, Assets, Liabilities, Shareholders' Equity, Current Assets, Non-Current Assets, Current Liabilities, Non-Current Liabilities, Net Assets, ScanPower Limited
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