Port Nelson Annual Report 2012 (pdf)

notes to the accounts
notes
note 9: equity (...continued)
2012 2011
(g) Associate’s Revaluation Reserve $000 $000
Opening Balance 186 793
Revaluation Movement (35) (607)
Deferred Tax Movement - -
Transfer to Retained Earnings - -
Closing Balance 151 186
(h) Hedging Reserve
Opening Balance (1,359) (1,274)
Fair Value Movement (1,354) (122)
Deferred Tax Movement 340 37
Closing balance (2,373) (1,359)
The Revaluation Reserves relate to the revaluation of land, wharves, buildings and Port Nelson’s associate.
The Hedging Reserve comprises the effective portion of the cumulative net change in the fair value of cash flow hedging instruments related
to hedged transactions that have not yet occurred.
The Associate’s Revaluation Reserve relates to Port Nelson’s share of the associate’s equity reserve balances.
note 10: cash and cash equivalents 2012 2011
$000 $000
Cash On Hand 2 2
General Account (48) 502
Total (46) 504
note 11: trade and other receivables 2012 2011
$000 $000
GST Receivable - 173
Trade Receivables 4,700 4,226
Related Party Receivables 5 56
Total 4,705 4,455
The status of the receivables as at 30 June are detailed below:
Not Past Due 3,055 2,809
Past Due 1-31 Days 1,409 1,309
Past Due 32-61 Days 110 112
Past Due 62-92 Days 88 9
Past Due > 92 Days 43 43
Total 4,705 4,282
note 12: inventories 2012 2011
$000 $000
Opening Balance 365 383
Purchases 603 768
Expensed (662) (796)
Closing Balance 306 365
No inventories are pledged as security for liabilities nor are any inventories subject to retention of title clauses.
32
note 13: trade and other payables 2012 2011
$000 $000
Accruals 628 783
GST Payable 322 -
ACC Payable 244 216
Trade Payables 1,020 740
Related Party Payables 15 10
Closing Balance 2,229 1,749