Inspiring New Zealanders on Every Screen - Tvnz

33 / TVNZ ANNUAL REPORT FY2009Balance SheetAs at 30 June 2009GroupCompany2009 2008 2009 2008Notes $000 $000 $000 $000ASSETSCurrent AssetsCash and cash equivalents 9 2,047 5,341 2,047 5,341Receivables and prepayments 10 50,460 66,264 50,476 66,264Programme rights - intangible assets 12 78,555 73,514 78,555 73,514Inventories 229 255 229 255Derivative financial instruments 21 3,527 5,028 3,527 5,028Total current assets 134,818 150,402 134,834 150,402Non-current assetsProperty, plant and equipment 11 107,395 110,312 107,395 110,312Other intangible assets 12 20,983 13,970 20,983 13,970Programme rights - intangible assets 12 17,718 22,654 17,718 22,654Deferred tax asset 8 11,233 12,323 11,200 12,245Derivative financial instruments 21 851 2,489 851 2,489Investment in subsidiaries 13 0 0 5,210 140Investment in associate 14 9,151 0 0 0Loan to associate 2,197 0 2,197Other investments 42 42 42 42Total non-current assets 169,570 161,790 165,596 161,852Total assets 304,388 312,192 300,430 312,254LIABILITIESCurrent LiabilitiesLoans and borrowings 16 36,221 567 36,221 567Trade and other payables 17 51,960 46,857 46,965 46,857Deferred income 18 26,939 39,917 26,939 39,917Derivative financial instruments 21 253 1,317 253 1,317Provisions 19 1,798 11,017 1,798 11,017Total current liabilities 117,171 99,675 112,176 99,675Non-current liabilitiesEmployee entitlements 17 2,047 2,034 2,047 2,034Derivative financial instruments 21 0 94 0 94Provisions 19 278 0 278 0Loans and borrowings 16 0 27,700 0 27,700Total non-current liabilities 2,325 29,828 2,325 29,828EquityShare capital 22 140,000 140,000 140,000 140,000Cash flow hedge reserves 84 (17) 84 (17)Retained earnings 44,808 42,706 45,845 42,768Total equity 184,892 182,689 185,929 182,751Total equity and liabilities 304,388 312,192 300,430 312,254The accompanying notes form part of these financial statements.For and on behalf of the Board, who authorise the issue of these financial statements on 30 September 2009Sir John Anderson, KBEChairmanSir John Goulter, KNZM, JPDirector