New Image Annual Report 2012 concept.indd - NZX

More documents

Recommendations

Info

Statement of Changes in Equity (continued) Statement of Financial Position For the year ended 30 June 2012 As at 30 June 2012 Year To 30 June 2012 Note Ordinary Shares Share Based Payments Foreign Currency Translation Reserve Company Retained Earnings Owners of the Parent Non- Controlling Interest Total Current Assets Group Company Note 2012 2011 2012 2011 $’000 $’000 $’000 $’000 At 1 July 2011 34,927 316 - (27,992) 7,251 - 7,251 Cash and Cash Equivalents 10 6,768 13,030 - - Loss for the period - - - (3,420) (3,420) - (3,420) Other Comprehensive Income - - - - - - - for the period Total Comprehensive Income for the period - - - (3,420) (3,420) - (3,420) Trade and Other Receivables 11 3,812 3,905 - - Inventories 12 8,966 8,719 - - Taxation Receivable 766 819 - - Total Current Assets 20,312 26,473 - - Non-current Assets Transactions with owners in their capacity as owners: Share based payment 20 - 234 - - 234 - 234 Share based payment transfer to ordinary shares 20 550 (550) - - - - - Property, Plant and Equipment 13 12,626 8,380 - - Intangible Assets and Goodwill 14 4,705 5,565 - - Investment in Associate 15 - 2,469 - 3,220 Investment in Subsidiaries 15 - - 9,637 8,689 Deferred Tax Asset 8 843 547 - - Cancellation of shares/share buy-back 19 (84) - - - (84) - (84) Total Non-current Assets 18,174 16,961 9,637 11,909 Total Assets 38,486 43,434 9,637 11,909 At 30 June 2012 35,393 - - (31,412) 3,981 - 3,981 Current Liabilities 12 Trade and Other Payables 16 11,386 10,090 - - 13 Intercompany Loans 15 - - 5,656 4,658 Interest Bearing Loans and Borrowings 17 6,429 9,200 - - Year To 30 June 2011 Company Total Current Liabilities 17,815 19,290 5,656 4,658 Note Ordinary Shares Share Based Payments Foreign Currency Translation Reserve Retained Earnings Owners of the Parent Non- Controlling Interest Total Non-current Liabilities Acquisition Contingent Consideration 18 365 1,099 - - Interest Bearing Loans and Borrowings 17 2,249 90 - - At 1 July 2010 34,864 154 - (24,359) 10,659 - 10,659 Total Non-current Liabilities 2,614 1,189 - - Total Liabilities 20,429 20,479 5,656 4,658 Profit for the period - - - - - - - Net Assets 18,057 22,955 3,981 7,251 Other Comprehensive Income for the period Total Comprehensive Income for the period - - - - - - - - - - - - - - Equity Contributed Equity 19 12,403 11,937 35,393 34,927 Share Based Payments 20 - 316 - 316 Foreign Currency Translation Reserve 20 (2,122) (1,897) - - Transactions with owners in their capacity as owners: Shares Issued 19 63 - - - 63 - 63 Share based payment 20 - 162 - - 162 - 162 Dividends paid 21 - - - (3,633) (3,633) - (3,633) Retained Earnings / (Deficit) 7,313 12,777 (31,412) (27,992) Parent Interests 17,594 23,133 3,981 7,251 Non-controlling Interests 463 (178) - - Total Equity 18,057 22,955 3,981 7,251 At 30 June 2011 34,927 316 - (27,992) 7,251 - 7,251 For and on behalf of the Board of Directors who approved the issue of these Financial Statements on 19 September 2012 Graeme Clegg Founding Chairman 19 September 2012 Alan Stewart Deputy Chairman 19 September 2012 The above statement should be read in conjunction with the notes to and forming part of the financial statements The above statement should be read in conjunction with the notes to and forming part of the financial statements NEW IMAGE GROUP ANNUAL REPORT NEW IMAGE GROUP ANNUAL REPORT
Statement of Cash Flows For the year ended 30 June 2012 Notes to and forming part of the financial statements For the year ended 30 June 2012 Group Company Note 2012 2011 2012 2011 $’000 $’000 $’000 $’000 Cash Flows from Operating Activities Cash was provided by / (applied to): Receipts from Customers 75,672 76,738 - - Payments to Suppliers and Employees (73,028) (68,611) - - Interest Received 61 152 - - Interest Paid (865) (629) - - Income Tax Paid (1,596) (3,883) - - Net Cash Flows from/(used in) Operating Activities 23 244 3,767 - - 1Significant Accounting Policies 14 Cash Flows from Investing Activities Cash was provided by / (applied to): Purchase of Property, Plant and Equipment (4,995) (5,533) - - Purchase of Intangible Assets (567) (2,282) - - Proceeds from Disposals of Property, Plant and Equipment - 13 - - Purchase of Associate - (3,220) - - Acquisition of Subsidiary 25 (169) - - - Disposal of Subsidiary (40) - - - Net Cash Flows from/(used in) Investing Activities (5,771) (11,022) - - Cash Flows from Financing Activities Cash was provided by / (applied to): Issue of Share Capital - 13 - - Repayment of Cancelled Share Capital (84) - - - Cash Dividends Paid - (3,583) - - Proceeds from Loans and Borrowings 5,494 6,175 - - Repayment of Loans and Borrowings (6,106) - - - Net Cash Flows from/(used in) Financing Activities (696) 2,605 - - Net Increase/(Decrease) in Cash and Cash Equivalents (6,223) (4,650) - - Cash and Cash Equivalents at beginning of Period 13,030 18,880 - - Net Foreign Exchange Differences (39) (1,200) - - Cash and Cash Equivalents at end of Period 10 6,768 13,030 - - A Reporting Entity New Image Group Limited (“the Company”) is a company domiciled and incorporated in New Zealand, registered under the Companies Act 1993 and listed on the New Zealand Stock Exchange (NZX). The Company is an issuer for the purpose of the Financial Reporting Act 1993 and its financial statements and its consolidated financial statements (hereafter collectively referred to as “the financial statements”) have been prepared in accordance with the requirements of the Companies Act 1993 and the Financial Reporting Act 1993. The consolidated financial statements that are presented are those of the Company and its subsidiaries and joint ventures (together referred to as “the Group”). B Statement of Compliance The financial statements comply with International Financial Reporting Standards (IFRS). These financial statements have been prepared in accordance with New Zealand Generally Accepted Accounting Principles. They comply with New Zealand equivalents to International Financial Reporting Standards (NZ IFRS) and other applicable Financial Reporting Standards, as appropriate for profit-oriented entities. C Functional and Presentational Currency The financial statements are presented in New Zealand Dollars (NZD) which is the functional currency of the parent. All financial information presented in NZD has been rounded to the nearest thousand dollars ($’000) unless stated otherwise. D Basis of Measurement The financial statements are prepared on the historical cost basis, except as specifically set out below. E Use of Estimates and Judgements The preparation of financial statements in conformity with NZ IFRS requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making the judgements about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates. 15 The above statement should be read in conjunction with the notes to and forming part of the financial statements NEW IMAGE GROUP ANNUAL REPORT NEW IMAGE GROUP ANNUAL REPORT
Page 2 and 3: To enhance the health and well-bein
Page 4 and 5: Executive Chairman’s Review 2012
Page 6 and 7: NEW IMAGE GROUP LIMITED Annual Repo
Page 10 and 11: Notes to and forming part of the fi
Page 44 and 45: Audit Report 84 Independent Auditor
Page 46 and 47: Statutory Information (continued) F
Page 48 and 49: Statutory Information (continued) F
Page 50: Company Directory For the year ende

New Image Annual Report 2012 concept.indd - NZX

Create successful ePaper yourself

Delete template?

Save as template?