annual report 2005 - Pumpkin Patch investor relations

More documents

Recommendations

Info

Pumpkin Patch Limited & Subsidiaries notes to and forming part of the financial statements for the 12 months ended 31 July 2005 2. operating profit before income tax The operating profit before taxation is stated after charging/(crediting): Group Parent 12 months 31 July 2005 $000 12 months 31 July 2004 $000 12 months 31 July 2005 $000 12 months 31 July 2004 $000 Depreciation: Leasehold improvements 280 286 57 51 Computer equipment 733 740 580 483 Shop fitouts 5,777 4,765 - - POS equipment 226 147 - - Plant and machinery 508 487 422 394 Office equipment 102 96 38 42 Motor vehicles - 14 - - Furniture and fittings 847 893 82 70 Total Depreciation 8,473 7,428 1,179 1,040 Foreign currency (gains)/losses 2,670 1,849 209 (44) Rental and operating lease costs 31,417 24,343 1,913 1,792 Bad debts written off 75 77 - - Interest expense 576 2,777 263 198 Gain on sale of property plant and equipment (7) (11) - (15) Dividends received - - (6,358) (5,273) Interest received (28) (153) (150) (112) Amortisation expense 63 51 - - Directors’ fees 170 176 170 176 Donations 192 88 3 31 Audit fees (PricewaterhouseCoopers) Statutory audit 128 125 110 125 Half year audit - 80 - 80 Other services 20 - - - In 2004 fees amounting to $246,250 were also paid to PricewaterhouseCoopers for services provided to the Group relating directly to the share issue. These costs were capitalised to share capital. Refer to note 4. 32
Pumpkin Patch Limited & Subsidiaries notes to and forming part of the financial statements for the 12 months ended 31 July 2005 3. taxation The income tax expense has been calculated as follows: Group Parent 12 months 31 July 2005 $000 12 months 31 July 2004 $000 12 months 31 July 2005 $000 12 months 31 July 2004 $000 Operating profit/(loss) for the period before tax: 35,809 11,321 7,267 (1,430) Income tax on the operating profit/(loss) for the period at 33% 11,817 3,736 2,398 (472) Plus/(Less): Prior period adjustment 150 (155) 489 59 Tax effect of permanent differences (782) (340) (2,105) (1,661) Foreign tax credits not utilised 25 - - - 11,210 3,241 782 (2,074) The Income Tax Expense is represented by: Current taxation 9,541 6,588 (85) (795) Prior period adjustment 150 (155) 489 59 Deferred taxation 1,494 (3,192) 378 (1,338) Foreign tax credits not utilised 25 - - - 11,210 3,241 782 (2,074) Income Tax Payable/(Receivable) Opening Balance 2,276 (1,537) (2,131) 45 Current taxation 9,541 6,588 (85) (795) Withholding tax paid (881) (722) (1) (25) Income tax paid (8,012) (2,763) (111) (21) Income tax refunded 95 2,100 - 2 Income tax transferred - - - (160) Prior period adjustment 19 (154) 2,126 59 Foreign investor tax credit (310) (1,236) (310) (1,236) Foreign tax credits not utilised 25 - - - Closing Balance 2,753 2,276 (512) (2,131) The group has estimated losses of $3,028,954 (2004: $4,638,114) available to carry forward arising from Pumpkin Patch Limited (UK). 33
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 35: 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

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?