✨ Financial Statements
26 NOVEMBER 2004
NEW ZEALAND GAZETTE, No. 154
3809
6. Share Capital
Authorised Capital:
| 2004 $ | 2003 $ | |
|---|---|---|
| Distribution - 5,264,435 Ordinary shares of $1 each Fully Paid Up | $ 5,264,435 | $ 5,264,435 |
| Retail - 199,835 Ordinary shares of $1 each Fully Paid Up | $ 199,835 | $ 199,835 |
7. Long Term Liabilities
| Distribution 2004 $ | Distribution 2003 $ | Retail 2004 $ | Retail 2003 $ | |
|---|---|---|---|---|
| Westpac Banking Corporation Multi Option Credit Line Facility | $ 6,307,224 | $ 5,720,780 | $ 1,721,813 | $ 177,091 |
| Less Current Portion | $ - | $ - | $ - | $ - |
| Long-Term Portion | $ 6,307,224 | $ 5,720,780 | $ 1,721,813 | $ 177,091 |
- Term: Three years to December 2005 and extended by 1 year to 2006.
- Repayments: No Further Repayments Required Until December 2006.
- Security: First ranking debenture providing for fixed and floating charges over all assets.
- Average Interest Rate Over Year: 6.05% (2003: 6.38%)
8. Finance Lease Liabilities
| Distribution 2004 $ | Distribution 2003 $ | Retail 2004 $ | Retail 2003 $ | |
|---|---|---|---|---|
| Not later than one year | $ 15,739 | $ - | $ 18,944 | $ - |
| Later than one year and not later than two years | $ 14,274 | $ - | $ 17,179 | $ - |
| Later than two years and not later than five years | $ 9,593 | $ - | $ 11,546 | $ - |
| Later than five years | $ - | $ - | $ - | $ - |
| Total Lease Liabilities | $ 39,606 | $ - | $ 47,669 | $ - |
| Future Finance Charges Recognised as a liability | $ 5,460 | $ - | $ 6,571 | $ - |
| | | | | |
| Representing lease liabilities: |
| Current | $ 13,722 | $ - | $ 16,515 | $ - |
| Non-current | $ 20,424 | $ - | $ 24,583 | $ - |
| Total | $ 34,146 | $ - | $ 41,098 | $ - |
9. Imputation Credit Account
| Distribution 2004 $ | Distribution 2003 $ | Retail 2004 $ | Retail 2003 $ | |
|---|---|---|---|---|
| Opening Balance | $ 1,000,590 | $ 917,391 | $ 128,539 | $ 178,266 |
PLUS:
| Income tax paid | $ 518,899 | $ 650,418 | $ 434,356 | $ 195,446 |
| Imputations on dividends received | $ 90 | $ 149 | $ 90 | $ 149 |
LESS:
| Terminal tax refund | $ 962,682 | $ 587,368 | $ 613,444 | $ 245,323 |
| Imputations attached to dividends paid | | | | |
| Balance 30 June 2004 | $ 556,897 | $ 1,000,590 | $ 50,459 | $ 128,539 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2004, No 154
Gazette.govt.nz —
NZ Gazette 2004, No 154
✨ LLM interpretation of page content
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Notes to the Financial Statements
(continued from previous page)
💰 Finance & RevenueShare Capital, Long Term Liabilities, Finance Lease Liabilities, Imputation Credit Account