✨ Financial Statements
27 NOVEMBER 2006
NEW ZEALAND GAZETTE, No. 152
4421
Scanpower Limited
Notes to the Financial Statements (Continued)
For the Year Ended 31 March 2006
Note 9. Reconciliation of Cash Flow with Operating Surplus
| 2006 $'000 | 2005 $'000 | |
|---|---|---|
| Reported surplus after taxation | 802 | 153 |
| Add Non Cash Items | ||
| Depreciation | 745 | 790 |
| Change in deferred tax provision | 224 | (32) |
| Newly identified assets | (250) | 0 |
| Changes in Working Capital | ||
| Increase/(decrease) in accounts payable & accruals | 80 | 231 |
| (Increase)/decrease in accounts receivable | 82 | (200) |
| (Increase)/decrease in inventories | (12) | (168) |
| Increase/(decrease) in employee entitlements | 12 | 0 |
| Increase/(decrease) in provision for taxation | 326 | (28) |
| Items Classified as Investing Activities | ||
| Net (surplus)/loss on disposal of property, plant & equipment | 83 | 55 |
| Net Cashflow from Operating Activities | 2,092 | 801 |
Note 10. Analysis of Non-Cancelable Operating Lease Commitments
| Payable not later than one year | 9 | 9 |
|---|---|---|
| Payable later than one year, not later than two years | 5 | 5 |
| Payable later than two years, not later than five years | 0 | 5 |
| Payable later than five years | 0 | 0 |
| 14 | 19 |
Note 11. Environmental Policy
Scanpower endeavours to adhere to a sustainable usage policy with a minimum of environmental disturbance. To date, Scanpower is unaware of any of its projects or operations that would not meet the above policy.
Note 12. Capital Commitments and Contingent Liabilities
As at 31 March 2006 the company had a capital commitment of $295,000 for the purchase of the Ruahine Club (2005 : Nil). There were no contingent liabilities (2005: Nil).
Note 13. Segment Information
Scanpower operates primarily in the electricity distribution industry – the ownership, management and operation of the electricity network in the Dannevirke region.
Next Page →
Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 152
Gazette.govt.nz —
NZ Gazette 2006, No 152
✨ LLM interpretation of page content
💰
Scanpower Limited Notes to the Financial Statements
(continued from previous page)
💰 Finance & RevenueFinancial Statements, Cash Flow, Operating Surplus, Non Cash Items, Depreciation, Deferred Tax, Working Capital, Operating Lease Commitments, Environmental Policy, Capital Commitments, Contingent Liabilities, Segment Information