✨ Financial Statements
18 JANUARY 2005
NEW ZEALAND GAZETTE, No. 12
261
Scanpower Limited
Notes to the Financial Statements Continued
For the Year Ended 31 March 2004
Note 9.
Reconciliation of Cash Flow with Operating Surplus
2004
$'000
2003
$'000
Reported surplus after taxation
301
189
Add Non Cash Items
Depreciation
304
271
Change in deferred tax provision
100
285
Changes in Working Capital
Increase/(decrease) in accounts payable & accruals
(331)
138
(Increase)/decrease in accounts receivable
38
(64)
(Increase)/decrease in inventories
14
(12)
Increase/(decrease) in employee entitlements
(37)
(13)
Increase/(decrease) in provision for taxation
266
(255)
Increase/(decrease) in provision for dividend
0
0
Items Classified as Investing Activities
Net (surplus)/loss on disposal of property, plant & equipment
0
0
Net Cashflow from Operating Activities
655
539
Note 10.
Analysis of Non-Cancelable Operating Lease Commitments
Payable not later than one year
5
10
Payable later than one year, not later than two years
4
9
Payable later than two years, not later than five years
0
9
Payable later than five years
0
0
9
28
Note 11.
Environmental Policy
Scanpower endeavours to adhere to a sustainable usage policy with a minimum of environmental disturbance. To date, Scanpower is unaware of any of its projects or operations that would not meet company policy or environmental regulations currently in existence in New Zealand.
Note 12.
Capital Commitments and Contingent Liabilities
As at 31 March 2004 the company did not have any capital commitments or contingent liabilities (2003 also nil).
Note 13.
Segment Information
Scanpower sold its energy retailing business on 30 November 1998 and now operates in one industry which is the ownership and management of an electricity distribution network and is entirely within New Zealand.
Note 14.
Related Party Information
Scanpower Limited Customer Trust owns, through its nominees, all of the issued capital of Scanpower Limited. Directors’ transactions with the company were made under normal terms and conditions of supply and sale available to members of staff.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 12
Gazette.govt.nz —
NZ Gazette 2005, No 12
✨ LLM interpretation of page content
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Notes to the Financial Statements for Scanpower Limited
(continued from previous page)
💰 Finance & RevenueFinancial Statements, Cash Flow, Operating Surplus, Working Capital, Environmental Policy, Capital Commitments, Segment Information, Related Party Transactions