New Zealand Gazette – 2008 – No. 52

Page 1453

✨ Financial Statements



Scanpower Limited

Notes to the Financial Statements (Continued)

For the Year Ended 31 March 2007

Note 9. Reconciliation of Cash Flow with Operating Surplus

| | 2007
$'000 | 2006
$'000 |
|--------------------------------|-------------|-------------|
| Reported surplus after taxation | 458 | 802 |

Add Non Cash Items
| | | |
| Depreciation | 764 | 745 |
| Change in deferred tax provision | 225 | 224 |
| Newly identified assets | (73) | (250) |

Changes in Working Capital
| (Increase)/decrease in accounts payable & accruals | (150) | 80 |
| (Increase)/decrease in accounts receivable | (19) | 82 |
| (Increase)/decrease in inventories | (38) | (12) |
| Increase/(decrease) in employee entitlements | 3 | 12 |
| Increase/(decrease) in provision for taxation | (329) | 326 |

Items Classified as Investing Activities
| Net (surplus)/loss on disposal of property, plant & equipment | 76 | 83 |

| Net Cashflow from Operating Activities | 917 | 2,092 |

Note 10. Analysis of Non-Cancellable Operating Lease Commitments

| Payable not later than one year | 8 | 9 |
| Payable later than one year, not later than two years | 5 | 5 |
| Payable later than two years, not later than five years | 7 | 0 |
| Payable later than five years | 0 | 0 |

| Total | 20| 14|

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 2007 the company did not have any capital commitments or contingent liabilities. (2006: capital commitment of $295,000).

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.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2008, No 52


Gazette.govt.nz — PDF NZ Gazette 2008, No 52




✨ LLM interpretation of page content

💰 Scanpower Limited Financial Statements (continued from previous page)

💰 Finance & Revenue
Financial Statements, Property, Plant, Equipment, Accounts Payable, Scanpower Limited