New Zealand Gazette – 2005 – No. 133

Page 3246

✨ Financial Statements and Commitments



3246 NEW ZEALAND GAZETTE, No. 133 19 AUGUST 2005

  1. Reconciliation of Net Surplus After Taxation with Cashflow from Operating Activities

Group Parent
2005 2004 2005 2004
$000 $000 $000 $000
Net Surplus After Tax 702 1,788 225 1,443

Add Non Cash Items

| Depreciation | 9,706 | 7,672 | 9,379 | 7,177 |
| Loss on Sale | 242 | 260 | 238 | 258 |
| | 10,650 | 9,720 | 9,842 | 8,878 |

Plus/(Less) Movement in Working Capital Items:

| (Increase)/Decrease in Accounts Receivable | (58) | (946) | 425 | (769) |
| (Increase)/Decrease in Prepayments | (93) | 55 | (41) | 57 |
| (Increase)/Decrease in Stock | 5 | 20 | - | - |
| Increase/(Decrease) in Provision for Tax | (238) | 283 | - | (238) |
| Increase/(Decrease) in Accounts Payable and Provisions | 1,190 | (1,030)| 521 | (1,004)|

| Net Cash From Operating Activities | 11,456 | 8,102 | 10,747 | 6,924 |

  1. Commitments

Operating Lease Commitments:

Operating Lease Commitments are payable as follows:

  • Not Later than one year | 43 | 100 | - | -
  • Later than one year and not later than two years | 26 | 49 | - | -
  • Later than two years and no later than five years | 25 | 65 | - | -
  • Later than five years | - | - | - | -

  1. Financial Instruments

Off Balance Sheet Financial Instruments

The Line Business does not have any off balance sheet financial instruments.

Credit Risk

Financial instruments which potentially subject the Line Business to credit use principally consist of bank balances and accounts receivable. Bank deposits are placed with high credit-quality financial institutions. The Line Business performs credit evaluations on all customers requiring credit and generally does not require collateral.

Maximum exposures to credit risk at balance date are:

Receivables 2,529 2,471 563 988
2,529 2,471 563 988


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 133


Gazette.govt.nz — PDF NZ Gazette 2005, No 133




✨ LLM interpretation of page content

🏭 Accounting Policies for Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Accounting Policies, Financial Statements, Financial Instruments, Operating Leases, Foreign Currency, Employee Entitlements

🏭 Reconciliation of Net Surplus After Taxation with Cashflow from Operating Activities

🏭 Trade, Customs & Industry
Net Surplus, Cashflow, Operating Activities, Depreciation, Working Capital

🏭 Commitments

🏭 Trade, Customs & Industry
Operating Lease Commitments, Financial Commitments

🏭 Financial Instruments

🏭 Trade, Customs & Industry
Off Balance Sheet Financial Instruments, Credit Risk, Bank Balances, Accounts Receivable