New Zealand Gazette – 2005 – No. 191

Page 4767

✨ Financial Statements



14 NOVEMBER 2005
NEW ZEALAND GAZETTE, No. 191
4767

  1. Share Capital

Authorised Capital:

Distribution - 5,264,435 Ordinary shares of $1 each Fully Paid Up $ 5,264,435 $ 5,264,435
Retail - 199,835 Ordinary shares of $1 each Fully Paid Up $ 199,835 $ 199,835

  1. Long Term Liabilities

                         Distribution           Retail
                     2005       2004        2005       2004
                     $          $           $          $

    Westpac Banking Corporation $ 6,048,379 $ 6,307,224 $ 1,966,588 $ 1,721,813
    Multi Option Credit Line Facility

Less Current Portion $ - $ - $ - $ -

Long-Term Portion $ 6,048,379 $ 6,307,224 $ 1,966,588 $ 1,721,813

Term: Three years to December 2005 and extended by 1 year to 2006.
Repayments: No Further Repayments Required Until December 2006.
Security: First ranking debenture providing for fixed and floating charges over all assets.
Average Interest Rate Over Year: 7.07% (2004:6.05%)

The Company has a bank overdraft facility of $250,000 (2004:$250,000).
Interest Rate for the overdraft facility is the Westpac's Prime Lending Rate
plus a margin of 0.5%pa. Retail $125,000 (2004:$125,000) Distribution $125,000 (2004:$125,000)

  1. Finance Lease Liabilities

                         Distribution           Retail
                     2005       2004        2005       2004
                     $          $           $          $

    Not later than one year $ 15,081 $ 15,739 $ 16,681 $ 18,944
    Later than one year and not later than two years
    $ 9,002 $ 14,274 $ 9,857 $ 17,179
    Later than two year and not later than five years
    $ 1,134 $ 9,593 $ 1,255 $ 11,546
    Later than five years $ - $ - $ - $ -
    $ 25,217 $ 39,606 $ 27,893 $ 47,669

Future Finance Charges $ 3,637 $ 5,460 $ 4,023 $ 6,571
Recognised as a liability $ 21,580 $ 34,146 $ 23,870 $ 41,098

Representing lease liabilities
Current $ 13,073 $ 13,722 $ 14,460 $ 16,515
Non-current $ 8,507 $ 20,424 $ 9,410 $ 24,583
$ 21,580 $ 34,146 $ 23,870 $ 41,098

  1. Imputation Credit Account

                         Distribution           Retail
                     2005       2004        2005       2004
                     $          $           $          $

    Opening Balance $ 556,897 $ 1,000,590 -$ 50,459 $ 128,539

PLUS:
Income tax paid $ 345,960 $ 518,899 $ 176,429 $ 434,356
Imputations on dividends received
$ 485 $ 90 $ - $ 90

LESS:
Terminal tax refund -$ 134,146 $ - -$ 68,410 $ -
Imputations attached to dividends paid
-$ 450,087 -$ 962,682 -$ 264,095 -$ 613,444

Balance 30 June 2004 $ 319,109 $ 556,897 -$ 206,535 -$ 50,459



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 191


Gazette.govt.nz — PDF NZ Gazette 2005, No 191




✨ LLM interpretation of page content

💰 Fixed Assets and Accounts Receivable (continued from previous page)

💰 Finance & Revenue
Financial statements, Fixed assets, Accounts receivable, Distribution, Retail

💰 Share Capital

💰 Finance & Revenue
Share capital, Ordinary shares, Fully paid up, Distribution, Retail

💰 Long Term Liabilities

💰 Finance & Revenue
Long term liabilities, Westpac Banking Corporation, Credit line facility, Bank overdraft, Interest rates

💰 Finance Lease Liabilities

💰 Finance & Revenue
Finance lease liabilities, Future finance charges, Lease liabilities, Current, Non-current

💰 Imputation Credit Account

💰 Finance & Revenue
Imputation credit account, Income tax, Terminal tax refund, Imputations on dividends