annual report 2005 - Pumpkin Patch investor relations

Pumpkin Patch Limited & Subsidiaries notes to and forming part of the financial statements
for the 12 months ended 31 July 2005
Group
Parent
31 July 2005
$000
31 July 2004
$000
31 July 2005
$000
31 July 2004
$000
Pre-listing Employee Share Ownership Scheme Loans
Opening balance 4,352 1,647 4,352 1,647
Loans relating to issue of shares under pre-listing employee share
schemes prior to restructuring
- 74 - 74
Loans established upon the pre-listing restructuring of the
employee share schemes
- 5,711 - 5,711
Discharge of loan to pre-listing employee share scheme trust prior
to listing
- (211) - (211)
Loans discharged by application of net bonuses paid prior to
listing
- (2,869) - (2,869)
Loans discharged by application of net bonuses paid (1,223) - (1,223) -
Loans forfeited due to staff leaving (105) - (105) -
Closing balance 3,024 4,352 3,024 4,352
Current portion 1,214 1,357 1,214 1,357
Term portion 1,810 2,995 1,810 2,995
3,024 4,352 3,024 4,352
Provision for Pre-listing Employee Share Scheme Restructuring
Bonuses
Opening balance 4,070 - 4,070 -
Provision of bonuses prior to listing - 7,220 - 7,220
Application of provision to bonuses paid (1,327) (3,150) (1,327) (3,150)
Provision released due to staff leaving (105) - (105) -
Closing balance 2,638 4,070 2,638 4,070
Current portion 1,319 1,357 1,319 1,357
Term portion 1,319 2,713 1,319 2,713
2,638 4,070 2,638 4,070
7. retained earnings
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
Opening balance 7,877 9,423 (3,748) 5,235
Surplus for the period 24,599 8,081 6,485 644
Dividends paid (6,353) (9,627) (6,353) (9,627)
Closing balance 26,123 7,877 (3,616) (3,748)
38
The dividends were fully imputed. Supplementary dividends of $423,100 (2004 : $1,236,424) were paid to
shareholders not tax resident in New Zealand for which the Group received a foreign investor tax credit entitlement.