Annual Report 2013 - Mainfreight
Annual Report 2013 - Mainfreight
Annual Report 2013 - Mainfreight
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Balance Sheet as at 31 March <strong>2013</strong><br />
Note <strong>2013</strong><br />
$000<br />
Group<br />
2012<br />
$000<br />
<strong>2013</strong><br />
$000<br />
Parent<br />
2012<br />
$000<br />
Shareholders’ Equity<br />
Share Capital 21 68,927 68,927 68,927 68,927<br />
Retained Earnings 294,800 254,635 235,215 200,929<br />
Revaluation Reserve 39,144 34,227 35,720 33,360<br />
Foreign Currency Translation Reserve (13,639) (8,173) – –<br />
TOTAL EQUITY 389,232 349,616 339,862 303,216<br />
Non-current Liabilities<br />
Bank Term Loan 19 272,338 278,828 174,364 182,066<br />
Trade Creditors and Accruals 717 1,468 – –<br />
Provisions for Onerous Leases 17 800 1,870 – –<br />
Employee Entitlements 16 903 831 – –<br />
Deferred Tax Liability 7 26,079 28,843 17,644 18,179<br />
Finance Lease Liability 20 5,992 4,981 – –<br />
306,829 316,821 192,008 200,245<br />
Current Liabilities<br />
Bank 10 4,998 9,212 2,300 2,700<br />
Intercompany Creditors 23 – – 12,289 17,911<br />
Trade Creditors & Accruals 192,537 192,362 24,333 22,832<br />
Provisions for Onerous Leases 17 1,004 944 – –<br />
Employee Entitlements 16 36,372 35,470 5,265 5,037<br />
Provision for Taxation 9,979 11,369 4,196 –<br />
Finance Lease Liability 20 2,009 1,852 – –<br />
246,899 251,209 48,383 48,480<br />
TOTAL LIABILITIES AND EQUITY 942,960 917,646 580,253 551,941<br />
The accompanying notes form an integral part of these financial statements.<br />
66 <strong>Mainfreight</strong> | <strong>Annual</strong> <strong>Report</strong> <strong>2013</strong>
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