New Zealand Gazette – 2003 – No. 3

Page 91

✨ Financial Statements



10 JANUARY

NEW ZEALAND GAZETTE

91

| note* | 2002
| | $000 | 2001
|-------|-------|-------|
| | $000 |

14 Operating Surplus Before Interest and Income Tax | 18,649 | 17,023 |

15 Interest Expense:

(a) Interest expense on borrowings | 7,556 | 7,605 |

(b) Financing charges relating to finance leases | - | - |

(c) Other interest expense not listed in (a) or (b) | - | - |

(d) Total interest expense | 7,556 | 7,605 |

16 Operating Surplus Before Income Tax | 11,093 | 9,418 |

17 Income Tax | 6,305 | 4,217 |

18 Net Surplus After Tax | 4,788 | 5,201 |

STATEMENT OF MOVEMENTS IN EQUITY

2002 2001
Equity at beginning of year 74,508 70,574
Surplus and revaluations
net profit after tax for period 4,788 5,201
revaluations 42,301 -
adjustment prior year deferred tax liability (3,234) 4,733
Total recognised revenues and expenses 43,855 9,934
Other movements
dividend distributions (7,666) (6,000)
(7,666) (6,000)
Equity at end of year 110,697 74,508

STATEMENT OF CASHFLOWS

Cashflows From Operating Activities

Cash was provided from:

Receipts from customers | 54,543 | 51,895 |

Cash was disbursed to:
Payments to suppliers and employees | 30,619 | 30,210 |
Income tax paid | 2,908 | 400 |
Interest paid | 7,556 | 7,605 |

| | 41,083 | 38,215 |

Net cash inflows/(outflows) from operating activities | 13,460 | 13,680 |

  • The accompanying notes form an integral part of these financial statements.


Next Page →



Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 3


Gazette.govt.nz — PDF NZ Gazette 2003, No 3




✨ LLM interpretation of page content

💰 Financial Statements and Equity Movements (continued from previous page)

💰 Finance & Revenue
10 January 2003
Operating Surplus, Interest Expense, Income Tax, Equity, Cashflows