prospectus for - Pumpkin Patch investor relations

prospective financial informationThe prospective financial information consists of forecast financial information and the underlying assumptions for the yearsending 31 July 2004 and 31 July 2005 presented on pages 40 to 43.The prospective financial information has been the subject of due diligence by the Directors. Although due care and attentionhas been taken in preparing the prospective financial information, the Directors cannot provide assurance that the prospectivefinancial information will be achieved. Actual results may vary from the prospective financial information due to thenon-occurrence of anticipated events or alternatively events occurring that were not anticipated and any variations maybe material.The prospective financial information has been prepared under NZ GAAP. International Financial Reporting Standards arerequired to be implemented by July 2007 and therefore any potential impact has not been incorporated in the prospectivefinancial information as they will not be in place for the 31 July 2004 or 31 July 2005 financial year ends.FORECAST STATEMENTS OF FINANCIAL PERFORMANCEGroup Group12 Months 12 Months31 July 2004 31 July 2005$000 $000Operating Revenue 213,524 246,774Group Earnings Before Interest, Tax, Depreciation and Amortisation (‘EBITDA’) andCosts of Restructuring Employee Share Schemes 26,717 31,199Depreciation 7,224 8,164Group Earnings Before Interest, Tax and Costs of RestructuringEmployee Share Schemes 19,493 23,035Costs of restructuring employee share schemes 7,450 -Group Earnings Before Interest and Tax (‘EBIT’) 12,043 23,035Net interest expense 2,610 490Operating Profit Before Income Tax 9,433 22,545Income tax expense 5,397 7,214Net Profit after Income Tax (‘NPAT’) 4,036 15,331FORECAST STATEMENTS OF MOVEMENTS IN EQUITYGroup Group12 Months 12 Months31 July 2004 31 July 2005$000 $000Equity at Beginning of Year 20,330 64,579Net profit after income tax 4,036 15,331Dividends to ordinary shareholders (9,500) (2,400)Issue of ordinary shares prior to listing on NZX 1,000 -Issue of ordinary shares on listing on NZX 106,956 -Issue costs arising on issue of ordinary shares (1,335) -Repurchase of ordinary shares on listing on NZX (64,716) -Issue of ordinary shares under wound up employee share schemes 5,708 -Issue of ordinary shares under DF7 Scheme 2,100Movement in Equity for the Year 44,249 12,931Equity at End of Year 64,579 77,51037