RFG Annual Report 2007 - Retail Food Group

06/07
Annual Report
58
31. Notes to the cash flow statement
Retail Food Group Annual Report
(a) Reconciliation of cash and cash equivalents
For the purposes of the cash fl ow statement, cash and cash equivalents includes cash on hand and in banks and investments in money market
instruments, net of outstanding bank overdrafts. Cash and cash equivalents at the end of the fi nancial year as shown in the cash fl ow statement
is reconciled to the related items in the balance sheet as follows:
2007
$’000
Consolidated
2006
$’000
2007
$’000
Company
Cash and cash equivalents 1,548 1,631 159 129
(b) Businesses acquired
During the fi nancial year, the Group acquired one business. The net cash infl ow on acquisition was $166 thousand. Refer to note 29 for further details of this acquisition.
(c)
Businesses discontinued
During the prior fi nancial year, the Group discontinued the Juice Fusion business. Refer to note 30 for further details of this acquisition.
(d)
Non-cash financing and investing activities
During the current fi nancial year, the Group disposed of property, plant and equipment with an aggregate fair value of $36 thousand. This disposal is refl ected in the cash
fl ow statement.
During the fi nancial year, the Group acquired $1,621 thousand of equipment under fi nance leases. This acquisition will be refl ected in the cash fl ow statement over the term
of the fi nance lease via lease repayments.
During the fi nancial year, Retail Food Group Limited received $4,250,000 in dividends from its subsidiary entities by way of inter-entity receivables / payables. This income is
not refl ected in the cash fl ow statement.
(e) Financing facilities
2006
$’000
Consolidated
Company
2007
$’000
2006
$’000
2007
$’000
2006
$’000
Secured bank overdraft facility, reviewed annually and payable at call:
Amount used – – – –
Amount unused 300 300 – –
300 300 – –
Lease fi nance overdraft facility:
Amount used 1,621 – – –
Amount unused 1,334 2,000 – –
2,955 2,000 – –
Secured bank loan facilities with various maturity dates through to 10 September
2010 and which may be extended by mutual agreement:
Amount used 24,988 17,575 24,988 17,575
Amount unused 612 – – –
25,600 17,575 24,988 17,575