✨ Financial Statements
NEW ZEALAND GAZETTE
13 AUGUST
| note* | 2003 $000 | 2002 $000 |
|---|
14 Operating Surplus Before Interest and Income Tax | 19,241 | 18,649
15 Interest Expense:
(a) Interest expense on borrowings | 7,784 | 7,556
(b) Financing charges relating to finance leases | - | -
(c) Other interest expense not listed in (a) or (b) | - | -
(d) Total interest expense | 7,784 | 7,556
16 Operating Surplus Before Income Tax | 11,457 | 11,093
17 Income Tax | 6,699 | 6,305
18 Net Surplus After Tax | 4,758 | 4,788
STATEMENT OF MOVEMENTS IN EQUITY
| 2003 $000 | 2002 $000 | |
|---|---|---|
| Equity at beginning of year | 110,697 | 74,508 |
| Surplus and revaluations | ||
| net profit after tax for period | 4,758 | 4,788 |
| revaluations | (59) | 42,301 |
| adjustment prior year deferred tax liability | - | (3,234) |
Total recognised revenues and expenses | 4,699 | 43,855
Other movements
dividend distributions | (9,082) | (7,666)
| (9,082) | (7,666) |
Equity at end of year | 106,314 | 110,697
STATEMENT OF CASHFLOWS
Cashflows From Operating Activities
Cash was provided from:
Receipts from customers | 57,708 | 54,543
| 57,708 | 54,543 |
Cash was disbursed to:
Payments to suppliers and employees | 31,098 | 30,619
Income tax paid | 1,350 | 2,908
Interest paid | 7,784 | 7,556
| 40,232 | 41,083 |
Net cash inflows/(outflows) from operating activities | 6 | 17,476 | 13,460
- The accompanying notes form an integral part of these financial statements.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 99
Gazette.govt.nz —
NZ Gazette 2003, No 99
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