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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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