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apata (annual report 2007/08) 26 Financial statements index Apata Limited and Group : 2007/08 fi nancial statements The directors are pleased to present the fi nancial statements of Apata Limited and Group for the year ended 31 March 2008. For and on behalf of the Board of Directors: D J Goodwin - Chairman P R O’Brien - Director 17 July 2008 17 July 2008 Balance sheet 27 Income statement 27 Statement of recognised income and expense 28 Statement of cash fl ows 28 Notes to the fi nancial statements 29 Auditors’ report 44 Statutory information 45
Balance sheet As at 31 March 2008 Income statement Year ended 31 March 2008 Note 2008 Group 2008 Company 2007 Group 2007 Company Revenue from services provided 30,991,691 30,058,418 22,348,005 21,542,833 Revenue from goods sold 10,315,327 10,315,327 9,340,730 9,339,027 Total revenue 41,307,018 40,373,745 31,688,735 30,881,860 Other income 5 - - 67,666 67,666 Expenses 6 (38,587,444) (37,669,110) (29,428,873) (28,635,462) Results from operating activities 2,719,574 2,704,635 2,327,528 2,314,064 Finance income 7 231,167 190,878 231,563 193,263 Finance expenses 7 (616,711) (616,711) (309,752) (309,752) Net finance cost 7 (385,544) (425,833) (78,189) (116,489) Profit before income tax 2,334,030 2,278,802 2,249,339 2,197,575 Income tax expense 8 (782,818) (764,593) (752,895) (735,813) Profit for the year 1,551,212 1,514,209 1,496,444 1,461,762 The notes on pages 29 to 43 are an integral part of these financial statements. Note 2008 Group 2008 Company 2007 Group 2007 Company Assets Property, plant and equipment 9 13,343,692 13,343,692 11,890,810 11,890,810 Deferred tax assets 14 37,359 37,359 – – Investments 10 130,632 130,732 63,078 63,178 Total non-current assets 13,511,683 13,511,783 11,953,888 11,953,988 Inventories 11 2,289,474 2,289,474 1,836,708 1,836,708 Trade and other receivables 12 3,362,433 3,209,270 1,110,120 1,471,929 Cash and cash equivalents 13 1,073,290 845,194 1,035,717 434,121 Current tax assets – – 65,721 65,450 Total current assets 6,725,197 6,343,938 4,048,266 3,808,208 Total assets 20,236,880 19,855,721 16,002,154 15,762,196 Equity Paid in share capital 15 5,466,006 5,466,006 5,390,216 5,390,216 Reserves 15 171,668 171,668 140,204 140,204 Retained earnings 15 3,486,467 3,325,621 2,686,114 2,562,271 Total equity 9,124,141 8,963,295 8,216,534 8,092,691 Liabilities Loans and borrowings 16 5,900,000 5,900,000 3,200,000 3,200,000 Deferred tax liabilities 14 – – 71,122 71,122 Total non-current liabilities 5,900,000 5,900,000 3,271,122 3,271,122 Employee benefits 17 598,325 598,325 279,828 279,828 Trade and other payables 18 4,567,853 4,347,180 4,234,670 4,118,555 Current tax liabilities 15,189 15,549 – – Derivatives 31,372 31,372 – – Total current liabilities 5,212,739 4,992,426 4,514,498 4,398,383 Total liabilities 11,112,739 10,892,426 7,785,620 7,669,505 Total equity and liabilities 20,236,880 19,855,721 16,002,154 15,762,196 The notes on pages 29 to 43 are an integral part of these financial statements. apata (annual report 2007/08) 27
Page 1: Apata Limited and Group Financial S
Page 5 and 6: Notes to the financial statements (
Page 7 and 8: (e) Leased assets Leases in terms o
Page 9 and 10: Note 4 : Determination of fair valu
Page 11 and 12: Market valuation The property, plan
Page 13 and 14: Note 15 : Capital and reserves Reco
Page 15 and 16: Note 17 : Employee benefits (Compan
Page 17 and 18: Note 20 : Operating leases Leases a
Page 19 and 20: SouthLink Limited / Southlink Suppl
Page 21 and 22: Statutory information - Year ended
Page 23 and 24: Securities Act Exemption Notice inf
Page 25 and 26: Company details Company name Apata

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