Port Nelson Annual Report 2012 (pdf)

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statement of comprehensive income for the year ended 30 june 2012 income and equity head Notes 2012 2011 $000 $000 revenue Operations 32,833 32,371 Property 5,974 5,937 Operating Revenue 1 38,807 38,308 expenses Employee Wages and Related Expenses 9,337 9,130 Depreciation and Amortisation 4,677 4,234 Other Operational and Property Expenses 2 12,455 12,206 Total Expenses from Operating and Property Activities 26,469 25,570 Results from Operating and Property Activities 12,338 12,738 Finance Income 58 18 Finance Expenses 2,524 2,664 Net Finance Costs 2,466 2,646 Profit after Financing Costs 9,872 10,092 Expenses Associated with Noise Mitigation 21 85 (37) Profit before Share of Associate Loss 9,787 10,129 Share of Profit / (Loss) from Associate 7 1,881 (149) Gain on Convertible Notes from Associate 7 272 - 2,153 (149) NET SURPLUS BEFORE TAXATION 11,940 9,980 Less Taxation Expense 3 1,573 3,396 NET SURPLUS (Attributable to Owners) 10,367 6,584 other comprehensive income First Time Recognition of Infrastructural Assets 9b - 1,554 Movements in Deferred Tax 6 (435) Movements in Hedging Reserve 9h (1,014) (87) Movements in Revaluation Reserve - Unimar 7 (34) (606) TOTAL COMPREHENSIVE INCOME (Attributable to Owners) 9,325 7,010 statement of movements in equity for the year ended 30 june 2012 2012 2011 $000 $000 Balance at 1 july 136,751 133,935 Total Comprehensive Income Attributable to Owners 9,325 7,010 Dividends 9b (12,200) (4,200) Deferred Tax Adjustment 9b (3) 6 balance at 30 june 133,873 136,751 20 The Summary of Significant Accounting Policies and Notes to the Accounts on pages 24 to 39 form part of these Financial Statements.
alance sheet as at 30 june 2012 Notes 2012 2011 $000 $000 current assets Cash and Cash Equivalents 10 - 504 Trade and Other Receivables 11 4,705 4,455 Inventories 12 306 365 Prepayments and Accruals 295 131 Advance to Associate 8 - 611 Properties Intended for Sale 6 - - Hedging Asset 16 - 37 5,306 6,103 less current liabilities Bank Overdraft 10 46 - Trade and Other Payables 13 2,229 1,749 Employee Benefit Liabilities 20 1,083 967 Tax Payable 1,220 1,361 Dividend Payable 9b 3,200 3,200 Hedging Liability Current Portion 16 144 - Noise Mitigation Current Portion 21 54 97 7,976 7,374 head balance working capital (2,670) (1,271) non-current assets Property, Plant and Equipment 14 169,613 173,422 Intangible Assets 15 728 799 Investment Properties 5 12,527 12,682 Investments in Associates 7 3,477 693 186,345 187,596 non-current liabilities Employee Benefit Liabilities 20 163 110 Deferred Tax Liability 4 6,038 7,674 Term Loan 16 39,900 39,300 Hedging Liability Non-Current Portion 16 3,152 1,979 Noise Mitigation Non-Current Portion 21 549 511 49,802 49,574 TOTAL NET ASSETS 133,873 136,751 shareholders’ funds Issued Capital 9a 6,046 6,046 Retained Earnings 9b 40,487 41,247 Asset Revaluation Reserves 9f 89,562 90,631 Other Reserves 9g 151 186 Hedging Reserve 9h (2,373) (1,359) TOTAL SHAREHOLDERS’ FUNDS 133,873 136,751 Nick Patterson Chairman of Directors For and on behalf of the Board Date: 28 September 2012 Peter Schuyt Director The Summary of Significant Accounting Policies and Notes to the Accounts on pages 24 to 39 form part of these Financial Statements. 21
Page 1 and 2: annual report 2012
Page 3 and 4: content Directors’ Report........
Page 5 and 6: directors’ report As Chairman of
Page 7 and 8: financial results A sustainable bus
Page 9 and 10: community governance highlights Som
Page 11 and 12: Photo: Nelson Mail environment A le
Page 13 and 14: our vision port people Percentage o
Page 15 and 16: 2012 financial report customers An
Page 17 and 18: statutory information to the shareh
Page 19: statement of corporate intent missi
Page 23 and 24: statement of cash flows for the yea
Page 25 and 26: summary of significant accounting p
Page 27 and 28: summary of significant accounting p
Page 29 and 30: notes to the accounts note 4: defer
Page 31 and 32: notes to the accounts note 9: equit
Page 33 and 34: notes to the accounts note 14: prop
Page 35 and 36: notes to the accounts note 16: fina
Page 37 and 38: notes to the accounts note 16: fina
Page 39 and 40: notes to the accounts note 23: rela

Port Nelson Annual Report 2012 (pdf)

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