Port Nelson Annual Report 2007 (pdf)

S T A T E M E N T O F F I N A N C I A L P O S I T I O N
f o r t h e Y e a r E n d e d 3 0 J u n e 2 0 0 7
C U R R E N T A S S E T S
Notes 2007 2006
$000 $000
Cash and Cash Equivalents 7 2,170 2,484
Trade and Other Receivables 8 3,518 3,011
Inventories 9 394 363
Prepayments and Accruals 361 343
Tax Refund Due - 32
Properties Intended for Sale 5 394 -
Hedging Asset 13 1,290 78
L E S S C U R R E N T L I A B I L I T I E S
8,127 6,311
Trade and Other Payables 10 1,721 1,452
Employee Benefit Liabilities 17 1,103 1,050
Tax Payable 69 -
Dividend Payable 6b 2,900 2,700
5,793 5,203
W O R K I N G C A P I T A L 2,334 1,108
N O N - C U R R E N T A S S E T S
Property, Plant and Equipment 11 137,960 135,627
Intangible Assets 12 742 709
Investment Properties 5 14,311 13,983
N O N - C U R R E N T L I A B I L I T I E S
153,013 150,319
Employee Benefit Liabilities 17 190 202
Deferred Tax liability 4 3,552 3,820
Term Loan 13, 14 42,000 19,000
45,742 23,022
T O T A L N E T A S S E T S 109,605 128,405
S H A R E H O L D E R S F U N D S
Issued Capital 6a 6,046 31,046
Retained Earnings 6b 31,860 29,035
Asset Revaluation Reserves 6f 70,835 68,272
Hedging Reserve 6h 864 52
T O T A L S H A R E H O L D E R S ’ F U N D S 109,605 128,405
Chairman of Directors
Director
For and on behalf of the Board
Date: 7 September 2007
The Statement of Accounting Policies and Notes to the Accounts on pages 26 to 42 form part of these Financial Statements.
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