New Zealand Gazette – 2005 – No. 28

Page 684

✨ Financial Statements



CENTRALINES LIMITED - LINES BUSINESS

Notes to the financial statements

For the year ended 31 March 2004

Note 10: Reconciliation of Cash Flow with Operating Surplus

2004 $'000 2003 $'000
Net surplus 1,675 1,316
Depreciation 1,069 1,016
Newly Identified Assets (272) -
(Decrease)/increase in accounts payable & accruals 223 (1,272)
(Increase)/decrease in accounts receivable 873 (721)
Decrease/(increase) in inventory (85) 74
(Decrease)/increase in employee entitlements (3) 10
Increase/(decrease) in provision for taxation (721) 547
(Decrease)/increase in provision for dividend - (80)
Net Cash flow from Operating Activities 2,759 890

Note 11: Analysis of non-cancelable operating lease commitments

Payable not later than one year

2004 $'000 2003 $'000
- 6

Analysis of non-cancelable finance lease commitments

2004 $'000 2003 $'000
Payable not later than one year - 12
Payable later than one year, not later than two years - 12
Payable later than two year, not later than three years - 10
Future finance charges - (5)
- 29

Representing lease liabilities

2004 $'000 2003 $'000
Current - 9
Non-Current - 20
- 29

Note 12: Contingent Liabilities
As at 31 March 2004 the Company had no contingent liabilities (2003: nil).

Note 13: Capital Commitments
As at 31 March 2004 the Company had no capital commitments (2003: nil).

Note 14: Related Party Information
CHB Consumers Power Trust owns all of the issued capital of Centralines Limited.

Directors' transactions with the company were made under normal terms and conditions of supply and sale available to members of staff. No discounts were given during the year.

2004 $ 2003 $
J Aitken 294 1,059
M Luoni - -
J Loughlin - -
H Donald - 1,875

As at 31 March 2004, the total amount outstanding was nil (2003: $2,934)

During the year Mr Luoni who is a director provided services through his company totaling $1,492 (2003: $22,196).

During the year Centralines provided sponsorship for the Energy Efficiency Program in which H A Donald declared an interest.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 28


Gazette.govt.nz — PDF NZ Gazette 2005, No 28




✨ LLM interpretation of page content

🏭 Centralines Limited Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Property, Plant, Equipment, Accounts Payable, Employee Entitlements
  • J Aitken, Director transactions with the company
  • M Luoni, Director transactions with the company
  • J Loughlin, Director transactions with the company
  • H Donald, Director transactions with the company