prospectus for - Pumpkin Patch investor relations

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RECONCILIATION OF NET SURPLUS AFTER TAXATION TO CASHFLOWFROM OPERATING ACTIVITIESGroup6 months 7 months 12 months31 Jan 2004 31 July 2003 31 Dec 2002Notes $000 $000 $000Net Profit For Period 5,463 1,157 2,350Add/(Less) Non-cash items:Depreciation 3,497 3,821 6,012(Increase)/Decrease in deferred taxation (299) (848) 972Amortisation of goodwill on purchase of subsidiary 2 - - 308Amortisation expense 2 24 30Impairment charge 2 - - 1,230Add/(Less) movements in workingCapital items:(Increase)/Decrease in receivables and prepayments 137 1,392 (2,202)Increase in creditors and provisions 1,263 1,215 6,457(Increase)/Decrease in inventories 3,316 (1,979) (991)Net Cash Flow From Operating Activities 13,401 4,788 14,13648
PUMPKIN PATCH LIMITED & SUBSIDIARIESSTATEMENT OF ACCOUNTING POLICIESFOR THE 6 MONTHS ENDED 31 JANUARY 2004 (CONTINUED)Entities ReportingThe financial statements for the “Group” are for the economic entity comprising Pumpkin Patch Limited and itssubsidiaries.Statutory BasePumpkin Patch Limited is a company registered under the Companies Act 1993.The financial statements have been prepared in accordance with the requirements of the SecuritiesRegulations 1983.Measurement BaseThe financial statements have been prepared on the historical cost basis.Accounting PoliciesThe financial statements are prepared in accordance with New Zealand generally accepted accountingpractice. The accounting policies that materially affect the measurement of financial performance, financialposition and cash flows are set out below.Group Financial StatementsThe Group financial statements consolidate the financial statements of subsidiaries, using the purchasemethod. Subsidiaries are entities that are controlled, either directly or indirectly, by the Parent.All material transactions between subsidiaries or between the Parent and subsidiaries are eliminated onconsolidation.The results of subsidiaries acquired or disposed of during the year are included in the consolidated statementof financial performance from the date of acquisition or up to the date of disposal.Operating RevenuesGoods and ServicesRevenue comprises the amounts received and receivable for goods and services supplied to customers in theordinary course of business.Investment incomeDividend income is recognised in the period the dividend is declared. Interest and rental income areaccounted for as earned.Income TaxThe income tax expense recognised for the year is based on the accounting surplus, adjusted for permanentdifferences between accounting and tax rules.The impact of all timing differences between accounting and taxable income is recognised as a deferred taxliability or asset. This is the comprehensive basis for the calculation of deferred tax under the liability method. Adeferred tax asset, or the effect of losses carried forward that exceed the deferred tax liability, is recognised inthe financial statements only where there is virtual certainty that the benefit of the timing differences, or losses,will be utilised.Goods and Services Tax (GST)The statement of financial performance and statement of cash flows have been prepared so that allcomponents are stated exclusive of GST. All items in the statement of financial position are stated net of GST,with the exception of receivables and payables, which include GST invoiced.49
Page 1 and 2: Lead ManagerGoldman Sachs JBWere (N
Page 3 and 4: table of contentsInvestment overvie
Page 5 and 6: strong Australasian and growing int
Page 7 and 8: description of the company’s busi
Page 9: Pumpkin Patch... the brandFounded i
Page 12 and 13: sales and marketingPumpkin Patch’
Page 14 and 15: wholesale salesPumpkin Patch has id
Page 16 and 17: the offering14
Page 18 and 19: Shares will be able to be traded fr
Page 20 and 21: Option Offer (Employees Only)Offer
Page 22 and 23: shareholding structure20
Page 24 and 25: directors & senior management22
Page 26 and 27: Senior ManagementMike ArandGeneral
Page 28 and 29: corporate governanceThe Board of Pu
Page 30 and 31: isk and special trade factorsPrinci
Page 32 and 33: Head OfficePumpkin Patch’s head o
Page 35 and 36: 33financial information
Page 37 and 38: Basis of PreparationPro forma histo
Page 39 and 40: prospective financial informationTh
Page 41 and 42: PROSPECTIVE FINANCIAL INFORMATION (
Page 47 and 48: group financial statementsPUMPKIN P
Page 49: PUMPKIN PATCH LIMITED & SUBSIDIARIE
Page 53 and 54: PUMPKIN PATCH LIMITED & SUBSIDIARIE
Page 69 and 70: summary historical financial inform
Page 71 and 72: SUMMARY HISTORICAL FINANCIAL INFORM
Page 73 and 74: Basis of opinion on the summary of
Page 75 and 76: statutory and other informationThe
Page 77 and 78: 5A. Restrictions of Directors’ Po
Page 79 and 80: Relevant Interest Holder No of Natu
Page 81 and 82: 11. Acquisition of Business or Subs
Page 83 and 84: 20. Restrictions on the Issuing Gro
Page 85 and 86: Regulation 12The Securities Commiss
Page 87 and 88: DF7 Share SchemeThe Company has est
Page 89 and 90: glossary of certain termsTermDefini
Page 91 and 92: 89application instructions
Page 93 and 94: 9. If your Share Application Form i
Page 95 and 96: ules relating to the Pumpkin Patch
Page 97 and 98: part or all of the Options (subject
Page 99 and 100: arbitrator shall be appointed by th
Page 103 and 104:
directory and advisersDirectorsChri
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