New Zealand Gazette – 2005 – No. 17

Page 397

✨ Financial Statements



19 JANUARY 2005 NEW ZEALAND GAZETTE, No. 17 397

THE LINES COMPANY LIMITED - LINE BUSINESS ACTIVITY

NOTE 6 : LOANS

| | 2004
$'000 | 2003
$'000 |
|----------------|----------------|
| "Other" (The Lines Company Activities) | 13,981 | 12,950 |
| Perpetual | 3,000 | 3,000 |
| Bank of New Zealand Swaps | 7,000 | 8,000 |
| | 23,981 | 23,950 |

NOTE 7 : DEFERRED TAX

| | 2004
$'000 | 2003
$'000 |
|----------------|----------------|
| Fixed Assets | 12,295 | 6,579 |
| Accruals & Provisions | (213) | (213) |
| | 12,082 | 6,366 |

NOTE 8 : SHORT TERM LOANS

| | 2004
$'000 | 2003
$'000 |
|----------------|----------------|
| Bank of New Zealand Swaps | 4,200 | 2,000 |
| | 4,200 | 2,000 |

NOTE 9 : SEGMENTAL INFORMATION

The Lines Company Limited operates predominantly in one geographical segment. It is located in the mid-central North Island in the King Country. The head office is located in Te Kuiti.

NOTE 10 : CAPITAL COMMITMENT

As at year end the company had no capital commitment (2003: NIL).

NOTE 11 : CASHFLOW RECONCILIATION WITH NET PROFIT

2004 2003
Net Profit after Tax and Customer Discount 568 290
Add: Non cash items
Depreciation 3,104 3,044
3,672 3,334
Add/Less: Movements in Working Capital
(Increase)/Decrease in Receivables (925) 238
(Increase)/Decrease in Inventory (40) (270)
(Increase)/Decrease in Work in Progress 23
Increase/(Decrease) in Creditors 471 148
Increase/(Decrease) in Provision for Discount (211) (457)
Increase/(Decrease) in Other 232 655
(450) 314
Net cashflows from operating activities 3,222 4,248


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 17


Gazette.govt.nz — PDF NZ Gazette 2005, No 17




✨ LLM interpretation of page content

💰 Statement of Financial Performance Disclosure (continued from previous page)

💰 Finance & Revenue
Financial performance, Revenue, Expenditure, The Lines Company Limited