✨ Financial Statements
14 DECEMBER 2004 NEW ZEALAND GAZETTE, No. 163 4019
Interest rate risk
Interest rate risk exposure is limited to bank borrowings. The company has no interest risk hedge contracts.
Fair values
There were no differences between the fair value and carrying amounts of financial instruments as at 31 March 2004.
12. Reconciliation
of net profit after tax with cash inflow from operating activities
| 2004 | 2003 | |
|---|---|---|
| $'000 | $'000 | |
| Profit after taxation | 328 | 1,337 |
| Add / (less) non-cash items | ||
| Depreciation | 3,088 | 1,013 |
| Add item classified as investing activity | ||
| Capital Loss (gain) on sale of fixed assets | 24 | (12) |
| Movements in working capital | ||
| Increase / (decrease) in accounts payable | ||
| (Increase) / decrease in receivables | (165) | (508) |
| (52) | 231 | |
| Net cash inflow from operating activities | $3,223 | $2,061 |
13. Contingent liabilities
| 2004 | 2003 | |
|---|---|---|
| $'000 | $'000 |
a) Guarantee of bank facilities for a subsidiary to a limit of | 950 | 950 |
At balance date the amount of the bank facilities so guaranteed was | - | - |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2004, No 163
Gazette.govt.nz —
NZ Gazette 2004, No 163
✨ LLM interpretation of page content
💰
Electra Limited - Financial Instruments
(continued from previous page)
💰 Finance & Revenue14 December 2004
Interest rate risk, Fair values, Financial instruments, Bank borrowings, Profit reconciliation, Contingent liabilities