Port Nelson Annual Report 2007 (pdf)

N O T E S T O T H E A C C O U N T S
N O T E 8 : A C C O U N T S R E C E I V A B L E 2007 2006
$000 $000
Trade Receivables 3,508 3,010
Related Party Receivables 10 1
T O T A L 3,518 3,011
Movements in the provision for impairment of receivables are as follows:
Opening Balance - -
Additional Provisions made during the Year 72 -
Receivables Written Off during Period - -
A T 3 0 J U N E 72 -
N O T E 9 : I N V E N T O R I E S 2007 2006
$000 $000
Opening balance 363 436
Purchases 365 57
Expensed (334) (130)
C L O S I N G B A L A N C E 394 363
No inventories are pledged as security for liabilities nor are any inventories subject to retention of title clauses.
N O T E 1 0 : T R A D E A N D O T H E R P A Y A B L E S 2007 2006
$000 $000
Accruals 561 498
GST Payable 181 241
Trade Payables 874 706
Related Party Payables 105 8
C L O S I N G B A L A N C E 1,721 1,453
N O T E 1 1 : P R O P E R T Y P L A N T A N D E Q U I P M E N T
Accumulated
Accumulated
Depreciation Current Depreciation
and Current Current Year and
Cost/ Impairment Carrying Year Current Year Depre- Cost/ Impairment Carrying
Revaluation Charges Amount Additions/ Year Impairment ciation Revaluation Revaluation Charges Amount
30/06/06 30/06/06 30/06/06 Transfers Disposals Charges Charges Surplus 30/06/07 30/06/07 30/06/07
2 0 0 7 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000
Mobile Plant 17,405 (8,692) 8,713 678 (139) - (950) - 17,304 (9,002) 8,302
Floating Plant 5,338 (3,037) 2,301 0 - - (303) - 5,338 (3,340) 1,998
Wharves & Berths 18,620 (887) 17,733 0 (502) - (889) - 18,103 (1,761) 16,342
Wharves Leased 2,633 (167) 2,466 0 - - (167) - 2,633 (334) 2,299
Plant, Furniture & Fittings 8,044 (4,049) 3,995 1,111 (12) - (602) - 9,113 (4,621) 4,492
IT Equipment 1,492 (1,133) 359 51 - - (134) - 1,543 (1,267) 276
Hardstanding & Roadways 4,970 (755) 4,215 765 - - (118) - 5,736 (874) 4,862
Dredging 2,089 - 2,089 0 - - - - 2,089 - 2,089
Buildings 8,486 (240) 8,246 272 - - (166) (484) 8,273 (405) 7,868
Buildings Leased 2,625 (91) 2,534 419 - - (84) - 3,045 (176) 2,869
Land Reclamation 1,443 - 1,443 (1,443) - - - - - - -
Land 43,913 - 43,913 917 - - - 1,068 45,898 - 45,898
Land Leased 36,946 - 36,946 1,074 - - - 1,570 39,590 - 39,590
Work in Progress 674 - 674 401 - - - - 1,075 - 1,075
154,678 (19,051) 135,627 4,245 (653) - (3,413) 2,154 159,740 (21,780) 137,960
During the year the Company received title to the reclaimed land and revalued it in accordance with the Company’s Accounting Policies 2006.
3 2