✨ Financial Statements
1444 NEW ZEALAND GAZETTE, No. 52 5 MARCH 2008
Scanpower Limited
Statement of Financial Position
As at 31 March 2007
| Notes | 2007 | 2006 |
|---|---|---|
| $'000 | $'000 |
EQUITY
7,500,000 Ordinary shares of $1 fully paid 7,500 7,500
Retained earnings 3 (565) (1,112)
Reserves 3 13,722 13,761
Shareholders' Equity 20,657 20,149
REPRESENTED BY:
CURRENT ASSETS
Cash and bank balances 0 169
Short term deposits 6 0 0
Receivables and prepayments 4 584 565
Tax provision 9 - 0
Inventories 5 181 143
Total Current Assets 774 877
NON CURRENT ASSETS
Capital works in progress 37 938
Property, plant and equipment 7 22,747 21,389
Total Non-Current Assets 22,784 22,327
TOTAL ASSETS 23,558 23,204
CURRENT LIABILITIES
Bank overdraft 88 0
Accounts payable 8 660 810
Employee entitlements 34 31
Tax provision 0 320
Total Current Liabilities 782 1,161
NON CURRENT LIABILITIES
Deferred taxation 2 2,119 1,894
Total Non-Current Liabilities 2,119 1,894
TOTAL LIABILITIES 2,901 3,055
NET ASSETS 20,657 20,149
For and on behalf of the Board as at 26 February 2008
DIRECTOR: Signature DIRECTOR: Signature
The accompanying notes and policies form an integral part of these Financial Statements
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 52
Gazette.govt.nz —
NZ Gazette 2008, No 52
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Scanpower Limited Financial Statements
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