New Zealand Gazette – 2006 – No. 131

Page 3774

✨ Financial Statements



3774 NEW ZEALAND GAZETTE, No. 131 8 NOVEMBER 2006

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

Group Group Parent Parent
2006 2005 2006 2005
$000 $000 $000 $000
Net Surplus After Tax 1,329 702 1,286 225

Add Non Cash Items

| Depreciation | 9,745 | 9,706 | 9,485 | 9,379 |
| Loss on Sale | 239 | 242 | 238 | 238 |
| | 11,313 | 10,650 | 11,009 | 9,842 |

Plus/(Less) Movement in Working Capital Items:

| (Increase)/Decrease in Accounts Receivable | (520) | (58) | (679) | 425 |
| (Increase)/Decrease in Prepayments | (9) | (93) | (16) | (41) |
| (Increase)/Decrease in Stock | (4) | 5 | - | - |
| Increase/(Decrease) in Provision for Tax | - | (238) | - | - |
| Increase/(Decrease) in Accounts Payable and Provisions | 27 | 1,190 | 130 | 521 |

| Net Cash From Operating Activities | 10,807 | 11,456 | 10,444 | 10,747 |

  1. Commitments

Operating Lease Commitments:

Operating Lease Commitments are payable as follows:

  • Not later than one year: 59 43
  • Later than one year and not later than two years: 29 26
  • Later than two years and no later than five years: 24 25
  • 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:

| Trade Debtors | 3,050 | 2,529 | 1,243 | 563 |

The above exposures are net of any recognised provision for losses on these financial instruments.

No collateral is held on the above amounts.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2006, No 131


Gazette.govt.nz — PDF NZ Gazette 2006, No 131




✨ LLM interpretation of page content

🏭 Reconciliation of Net Surplus After Taxation with Cashflow from Operating Activities (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Cashflow, Net Surplus, Operating Activities, Accounts Receivable, Prepayments, Stock, Provision for Tax, Accounts Payable

🏭 Operating Lease Commitments

🏭 Trade, Customs & Industry
Lease Commitments, Financial Obligations, Payment Schedule

🏭 Financial Instruments

🏭 Trade, Customs & Industry
Financial Instruments, Credit Risk, Bank Balances, Accounts Receivable, Trade Debtors