β¨ Financial Statements
27 NOVEMBER 2006
NEW ZEALAND GAZETTE, No. 152
4419
Scanpower Limited
Notes to the Financial Statements (Continued)
For the Year Ended 31 March 2006
Note 4. Receivables and Prepayments
2006
$'000
Trading debtors
501
Estimated doubtful receivables
0
GST clearing account
64
Miscellaneous prepayments
0
Accruals
0
Total
565
2005
$'000
Trading debtors
489
Estimated doubtful receivables
0
GST clearing account
145
Miscellaneous prepayments
13
Accruals
0
Total
647
Note 5. Inventories
2006
$'000
Network stocks
143
Total
143
2005
$'000
Network stocks
131
Total
131
Note 6. (i) Current Investments
2006
$'000
Short term deposits held with registered banks
0
2005
$'000
Short term deposits held with registered banks
376
Market fluctuations in interest rates affect the earnings on these investments and the company policy of placing deposits with high credit quality institutions minimises potential credit risk.
Note 6. (ii) Interest Rates
The range of interest rates obtained on investments was as follows:
2006
Short term bank investments
6.7 - 7.4%
2005
Short term bank investments
5.25 - 6.7%
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β¨ LLM interpretation of page content
π°
Scanpower Limited Notes to the Financial Statements
(continued from previous page)
Domain π° Finance & Revenue
Keywords Taxation, Retained Earnings, Reserves, Financial Statements, Deferred Tax, Imputation Credit