01.05.2014 Views

Annual Report 2013 - Mainfreight

Annual Report 2013 - Mainfreight

Annual Report 2013 - Mainfreight

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

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>

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!