β¨ Financial Statements
5 MARCH 2008 NEW ZEALAND GAZETTE, No. 52 1451
Scanpower Limited
Notes to the Financial Statements (Continued)
For the Year Ended 31 March 2007
Note 4. Receivables and Prepayments
| 2007 | 2006 | |
|---|---|---|
| $'000 | $'000 | |
| Trading debtors | 483 | 501 |
| Estimated doubtful receivables | 0 | 0 |
| GST clearing account | 94 | 64 |
| Miscellaneous prepayments | 7 | 0 |
| Total | 584 | 565 |
Note 5. Inventories
| 2007 | 2006 | |
|---|---|---|
| Network stocks | 181 | 143 |
Note 6. (i) Current Investments
Short term deposits held with registered banks | 0 | 0
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:
| 2007 | 2006 | |
|---|---|---|
| Short term bank investments | 6.7 - 7.64% | 6.7 - 7.4% |
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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
β¨ LLM interpretation of page content
π°
Scanpower Limited Financial Statements
(continued from previous page)
π° Finance & RevenueTaxation, Retained Earnings, Reserves, Financial Statements, Scanpower Limited