✨ Financial Statements
4198 NEW ZEALAND GAZETTE, No. 143 30 NOVEMBER 2012
Statement of Financial Position
As at 30 June 2012
| Note | Distribution | |
|---|---|---|
| 2012 $ | 2011 $ |
CURRENT ASSETS
General bank account | 9,006 | 10,483 |
Accounts receivable | 5 | 685,469 | 567,140 |
Inventories | 198,580 | 194,773 |
Provisional tax | - | - |
Total current assets | 893,055 | 772,396 |
NON CURRENT ASSETS
Intangible assets | 4 | 75,224 | 66,640 |
Property, plant and equipment | 4 | 24,246,499 | 24,233,561 |
Investments | - | - |
Total non-current assets | 24,321,723| 24,300,201|
TOTAL ASSETS
| **25,214,778**| **25,072,597**|EQUITY
Share capital | 6 | 5,264,435 | 6,264,435 |
Retained earnings | | 16,789,001 | 14,709,224 |
Fair value through equity reserve| | 112 | 112 |
Asset revaluation reserve | | 1,119,554 | 1,119,564 |
Total equity | 23,173,102| 21,093,325|
CURRENT LIABILITIES
Accounts payable & accruals | | 311,561 | 369,610 |
Provision for employee entitlements| 7 | 43,263 | 71,969 |
Net loans from related parties | 8 | (3,130,079)| (1,290,443)|
Current finance lease | | - | - |
Taxation payable | | - | - |
Provision for dividend | | - | - |
Total current liabilities | (2,775,255)| (848,864)|
NON CURRENT LIABILITIES
Non-current finance lease | 8 | 4,816,931 | 4,828,136 |
Deferred tax | | - | - |
Total non current liabilities | 4,816,931 | 4,828,136|
TOTAL LIABILITIES & EQUITY
| **25,214,778**| **25,072,597**|The accompanying notes and accounting policies form part of these financial statements.
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NZ Gazette 2012, No 143
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