prospectus for - Pumpkin Patch investor relations

PUMPKIN PATCH LIMITED & SUBSIDIARIESNOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTSFOR THE 6 MONTHS ENDED 31 JANUARY 2004 (CONTINUED)6. Retained EarningsGroup6 months 7 months 12 months31 Jan 2004 31 July 2003 31 Dec 2002$000 $000 $000Opening Balance 9,423 10,067 10,118Surplus for the period 5,463 1,157 2,350Dividends paid (1,203) (1,801) (2,401)Closing Balance 13,683 9,423 10,067The dividends are fully imputed. Supplementary dividends of $154,553 (2003: $231,829, 2002: $309,106) were paid toshareholders not tax resident in New Zealand for which the Group received a foreign investor tax credit entitlement.7. Imputation Credit AccountParent31 Jan 2004 31 July 2003 31 Dec 2002$ $ $Opening Balance 742,964 511,067 49,232Correction to opening balance - - 2,276Plus income tax paid - - 271,004Imputation credits attached to dividends received 592,666 887,008 1,182,761Withholding tax credits - 23 157Less imputation credits attached to dividends paid to shareholders (438,011) (655,134) (873,357)Transfer to Group companies - - (120,143)Tax refund - - (863)Closing Balance 897,619 742,964 511,0678. BorrowingsGroup31 Jan 2004 31 July 2003 31 Dec 2002$000 $000 $000Bank overdraft 3,955 4,452 5,048Short term borrowings 11,000 17,000 12,000Current portion of term liabilities 763 1,707 2,199Term loans 13,875 15,430 18,02029,593 38,589 37,267Term liabilities fall due for repayment in the following periods:Bank LoansGroup31 Jan 2004 31 July 2003 31 Dec 2002$000 $000 $000One to two years 13,875 15,430 18,02058