notes - Mauritius Housing MHC

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NOTES FOR THE YEAR ENDED 30 JUNE 2002 financial to the STATEMENTS 19. PEL AND OTHER SAVINGS ACCOUNTS Restated 2002 2001 Rs’000 Rs’000 Capital 903,990 487,742 Interest payable 342,777 239,921 Other savings accounts 1,257 2,660 1,248,024 730,323 Prior year adjustment (Note 16) - 50,650 1,248,024 780,973 20. LONG TERM LIABILITY - NHDC 2002 2001 Rs’000 Rs’000 At 1 July 2001 257,035 283,385 Effect of accounting for interest on Malaysian Loans (25,036) (26,350) At 30 June 2002 231,999 257,035 21. TRADE AND OTHER PAYABLES 2002 2001 ANNUAL REPORT 2001 - 2002 Rs’000 Rs’000 Trade payables 38,552 33,906 Other creditors and accruals 5,780 6,201 44,332 40,107 52
NOTES FOR THE YEAR ENDED 30 JUNE 2002 financial to the STATEMENTS 22. NOTES TO THE CASH FLOW STATEMENT (a) Cash generated from operations 2002 2001 Rs’000 Rs’000 Net profit 131,554 119,838 Adjustments for: Depreciation 7,690 7,300 Profit on sale of property, plant and equipment (364) (279) Loss on sale of foreclosed properties 217 (315) Profit on sale of housing estates - (325) Retirement benefit obligations 1,070 90 Interest expense 449,822 407,413 ANNUAL REPORT 2001 - 2002 Interest income (48,220) (7,781) Interest on pension fund - (5,485) Changes in working capital: trade and other receivables 12,167 (7,706) trade and other payables 4,225 521 other reserves 25,490 24,205 pension fund - 1,215 Cash generated from operations 583,651 538,691 53
Page 1 and 2: Annual Report 2001 - 2002
Page 3 and 4: CONTENTS 1. Our Vision 4 2. Our Mis
Page 5 and 6: Mission Our Mission To help as many
Page 7 and 8: REGISTERED OFFICE MHC Building, Rev
Page 9 and 10: SENIOR Management Mr. L. D UNMOLE M
Page 11 and 12: The Directors are pleased to presen
Page 13 and 14: CORPORATE Governance MHC is committ
Page 15 and 16: MANAGING DIRECTOR’S REPORT 15
Page 17 and 18: However, MHC’s dedication to plac
Page 19 and 20: Reserves have in consequence increa
Page 21 and 22: 3.5.1 Loans Approved During the yea
Page 23 and 24: 3.5.5 TOTAL LOANS APPROVED - (MAURI
Page 25 and 26: 3.8 NEW SCHEMES/ SERVICES With the
Page 27 and 28: The strength of the company is depi
Page 29 and 30: REPORT FROM THE SECRETARY TO THE ME
Page 31 and 32: Auditors’ report to the members o
Page 33 and 34: BALANCE SHEET - 30 JUNE 2002 Notes
Page 35 and 36: STATEMENT OF CHANGES IN EQUITY FOR
Page 37 and 38: NOTES financial to the STATEMENTS F
Page 39 and 40: NOTES financial to the STATEMENTS (
Page 41 and 42: NOTES financial to the STATEMENTS 4
Page 45 and 46: NOTES financial to the STATEMENTS 1
Page 51: NOTES FOR THE YEAR ENDED 30 JUNE 20

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