New Zealand Gazette – 2005 – No. 150

Page 3681

✨ Financial Statements



31 AUGUST 2005 NEW ZEALAND GAZETTE, No. 150 3681

Scanpower Limited

Notes to the Financial Statements (Continued)

For the Year Ended 31 March 2005

Note 9. Reconciliation of Cash Flow with Operating Surplus

| | 2005
$'000 | 2004
$'000 |
|--------------------------------|-----------|-----------|
| Reported surplus after taxation | 153 | 301 |

Add Non Cash Items
| Depreciation | 790 | 304 |
| Change in deferred tax provision | (32) | 100 |
| Movement in revaluation reserve | 69 | - |

Changes in Working Capital
| Increase/(decrease) in accounts payable & accruals | 162 | (331) |
| (Increase)/decrease in accounts receivable | (200) | 38 |
| (Increase)/decrease in inventories | (168) | 14 |
| Increase/(decrease) in employee entitlements | 0 | (37) |
| Increase/(decrease) in provision for taxation | (28) | 266 |

Items Classified as Investing Activities
| Net (surplus)/loss on disposal of property, plant & equipment | 55 | 0 |

Net Cashflow from Operating Activities | 801 | 655 |

Note 10. Analysis of Non-Cancellable Operating Lease Commitments

| | 2005
$'000 | 2004
$'000 |
|--------------------------------------------|-----------|-----------|
| Payable not later than one year | 9 | 5 |
| Payable later than one year, not later than two years | 5 | 4 |
| Payable later than two years, not later than five years | 5 | 0 |
| Payable later than five years | 0 | 0 |
| | 19 | 9 |

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 the above policy.

Note 12. Capital Commitments and Contingent Liabilities

As at 31 March 2005 the company did not have any capital commitments or contingent liabilities (2004: Nil).

Note 13. Segment Information

Scanpower operates primarily in the electricity distribution industry – the ownership, management and operation of the electricity network in the Dannevirke region.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 150


Gazette.govt.nz — PDF NZ Gazette 2005, No 150




✨ LLM interpretation of page content

🏭 Scanpower Limited Notes to the Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Property, Plant and Equipment, Accounts Payable, Assets, Liabilities, Depreciation