Stralian Hearing Annual Report 2003â04 - Australian Hearing
Stralian Hearing Annual Report 2003â04 - Australian Hearing
Stralian Hearing Annual Report 2003â04 - Australian Hearing
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Statement of financial position<br />
AS AT 30 JUNE 2004<br />
ASSETS<br />
Current assets<br />
2004 2003<br />
Note $000’s $000’s<br />
Cash 20,21 16,070 3,197<br />
Receivables 9a 5,637 3,218<br />
Inventories 9b 2,229 2,859<br />
Work in progress 9c 4,666 5,013<br />
Tax assets 9d – 964<br />
Accrued revenues 9e 213 1,452<br />
Other 9e 957 693<br />
Total current assets 29,772 17,396<br />
Non-current assets<br />
Land and buildings 10a, d 5,071 5,693<br />
Plant and equipment 10b, d 7,949 10,038<br />
Intangibles 10c, d 7,601 9,015<br />
Tax assets 10f 636 182<br />
Total non-current assets 21,257 24,928<br />
Total assets 51,029 42,324<br />
LIABILITIES<br />
Current liabilities<br />
Payables 11a,20,21 6,853 5,971<br />
Provisions 11e 5,846 4,741<br />
Unearned revenues 11b 12,034 11,805<br />
Tax liabilities 11c 1,955 0<br />
Other 11d 3,387 815<br />
Total current liabilities 30,075 23,332<br />
Non-current liabilities<br />
Provisions 11f 10,944 10,863<br />
Total non-current liabilities 10,944 10,863<br />
Total liabilities 41,019 34,195<br />
Net assets 10,010 8,129<br />
EQUITY<br />
Retained profits 8,741 6,594<br />
Reserves 1,269 1,535<br />
Total equity 12 10,010 8,129<br />
Statement of cash flows<br />
FOR THE YEAR ENDED 30 JUNE 2004<br />
OPERATING ACTIVITIES<br />
Cash received<br />
2004 2003<br />
Note $000’s $000’s<br />
Sales of goods and services 124,503 113,849<br />
Interest 471 170<br />
Total cash received 124,974 114,019<br />
Cash used<br />
Employees (49,315) (45,937)<br />
Suppliers (59,760) (61,408)<br />
Income tax equivalent – (874)<br />
Interest Paid – –<br />
Total cash used (109,075) (108,219)<br />
Net cash from operating activities 13 15,899 5,800<br />
INVESTING ACTIVITIES<br />
Cash received<br />
Proceeds from sale of property, plant and equipment 19 5<br />
Total cash received 19 5<br />
Cash used<br />
Purchase of property, plant & equipment (2,230) (6,342)<br />
Total cash used (2,230) (6,342)<br />
Net cash used by investing activities (2,211) (6,337)<br />
FINANCING ACTIVITIES<br />
Cash used<br />
Dividends paid (815) –<br />
Total cash used (815) –<br />
Net cash used by financing Activities (815) –<br />
Net increase/(decrease) in cash held 12,873 (537)<br />
Add cash at beginning of reporting period 3,197 3,734<br />
Cash at end of reporting period 16,070 3,197<br />
The above statement should be read in conjunction with the accompanying notes<br />
The above statement should be read in conjunction with the accompanying notes<br />
46 AUSTRALIAN HEARING ANNUAL REPORT 2003–04<br />
FINANCIAL STATEMENTS 47
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