annual report 2005 - Pumpkin Patch investor relations

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Pumpkin Patch Limited & Subsidiaries statements of accounting policies for the 12 months ended 31 July 2005 financial instruments recognised Financial instruments carried on the statements of financial position include cash and bank balances, investments, receivables, trade creditors and borrowings. The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. Forward exchange contracts entered into as hedges of foreign exchange assets and liabilities are valued at exchange rates prevailing at period end. Any unrealised gains or losses are offset against foreign exchange gains and losses on the related asset or liability. Premiums paid on currency options are amortised over the period to maturity. unrecognised Financial instruments with off-balance sheet risk, have been entered into for the primary purpose of reducing exposure to fluctuations in foreign exchange rates and interest rates. While financial instruments are subject to risk that market rates may change subsequent to acquisition, such changes would generally be offset by opposite effects on the items hedged. Financial instruments purchased with the intention to be held for the long term or until maturity are recorded at original cost, adjusted for amortisation of premiums and discounts to maturity. statements of cashflows The following are the definitions of the terms used in the statements of cashflows: i) ii) Cash is considered to be cash on hand and current accounts in the bank, net of bank overdrafts. Investing activities are those activities relating to the acquisition, holding and disposal of property, plant and equipment and of investments. Investments can include securities not falling within the definition of cash. iii) Financing activities are those activities which result in changes in the size and composition of the capital structure of the Group. This includes both equity and debt not falling within the definition of cash. Dividends paid in relation to the capital structure are included in financing activities. iv) Operating activities include all transactions and other events that are not investing or financing activities. changes in accounting policies There were no changes to accounting policies during the period. 30
Pumpkin Patch Limited & Subsidiaries notes to and forming part of the financial statements for the 12 months ended 31 July 2005 1. segment information New Zealand Retail Australia Retail United Kingdom Retail 12 months 31 July 2005 $000 12 months 31 July 2004 $000 12 months 31 July 2005 $000 12 months 31 July 2004 $000 12 months 31 July 2005 $000 12 months 31 July 2004 $000 Assets Segment 16,850 19,836 41,069 44,491 27,797 17,861 Unallocated and Other Consolidated 16,850 19,836 41,069 44,491 27,797 17,861 Revenue Segment 57,844 45,763 157,496 138,449 26,408 19,537 Unallocated and Other Consolidated 57,844 45,763 157,496 138,449 26,408 19,537 Result Segment 10,591 9,150 29,021 22,935 (283) (1,333) Interest Expense Unallocated and Other - - - - - Consolidated 10,591 9,150 29,021 22,935 (283) (1,333) United States Retail Other Total 12 months 31 July 2005 $000 12 months 31 July 2004 $000 12 months 31 July 2005 $000 12 months 31 July 2004 $000 12 months 31 July 2005 $000 12 months 31 July 2004 $000 Assets Segment 1,798 - 14,101 6,185 101,615 88,373 Unallocated and Other 9,724 12,334 Consolidated 1,798 - 14,101 6,185 111,339 100,707 Revenue Segment 15 - 38,225 16,002 279,988 219,751 Unallocated and Other 390 541 Consolidated 15 - 38,225 16,002 280,378 220,292 Result Segment (1,152) - 9,626 2,127 47,803 32,879 Interest Expense (548) (2,624) Unallocated and Other - - (11,446) (18,934) Consolidated (1,152) - 9,626 2,127 35,809 11,321 “Other” represents wholesale, mail order and internet sales. The result is that of the Group before income tax. The Group operates in one industry being the retailing and wholesaling of children’s clothing. Intersegment sales are on an arms length basis. 31
Page 1 and 2: annual report 2005
Page 4 and 5: contents performance highlights 1 f
Page 6 and 7: financial highlights Year ended 31
Page 8 and 9: id culture
Page 10 and 11: id culture managing director’s re
Page 12 and 13: id culture United Kingdom retail 20
Page 14 and 15: ur team spirit! directors Greg Muir
Page 16 and 17: ur team spirit! senior management t
Page 19 and 20: corporate governance The Board of D
Page 21: external auditor independence To en
Page 24 and 25: directors shareholdings 31 July 200
Page 27 and 28: Pumpkin Patch Limited & Subsidiarie
Page 33: Pumpkin Patch Limited & Subsidiarie
Page 56 and 57: shareholder information for the yea
Page 59 and 60: corporate directory registered offi

annual report 2005 - Pumpkin Patch investor relations

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