Mainfreight Annual Report 2022

76 77
FINANCIAL STATEMENTS Balance Sheet
FINANCIAL STATEMENTS Balance Sheet
Balance Sheet
AS AT 31 MARCH 2022
Note
2022
$000
2021
$000
Note
2022
$000
2021
$000
CURRENT ASSETS
Bank 10 202,258 139,555
Trade Debtors 11 805,568 489,246
Income Tax Receivable 275 251
Other Receivables 12 48,563 89,531
1,056,664 718,583
NON-CURRENT TANGIBLE ASSETS
Property 14 925,190 755,566
Plant & Equipment 14 185,020 162,597
Right of Use Assets 20 585,970 567,956
1,696,180 1,486,119
NON-CURRENT INTANGIBLE ASSETS
Software 15 52,081 53,510
Goodwill 15 204,498 208,626
Other Intangible Assets 15 1,288 1,607
Deferred Tax Asset 7 17,240 18,461
275,107 282,204
TOTAL ASSETS 3,027,951 2,486,906
CURRENT LIABILITIES
Bank 10 - -
Trade Creditors & Accruals 18 562,004 412,826
Employee Entitlements 16 152,305 91,997
Provision for Taxation 56,609 30,344
Lease Liability for Right of Use Assets 20 121,136 118,158
Asset Finance Loans 19 8,841 9,198
900,895 662,523
NON-CURRENT LIABILITIES
Bank Term Loan 19 176,005 210,000
Employee Entitlements 16 2,519 2,922
Deferred Tax Liability 7 10,684 6,571
Lease Liability for Right of Use Assets 20 490,099 467,276
Asset Finance Loans 19 18,480 22,568
697,787 709,337
TOTAL LIABILITIES 1,598,682 1,371,860
SHAREHOLDERS’ EQUITY
Share Capital 21 85,821 85,821
Retained Earnings 1,152,081 897,383
Revaluation Reserve 208,737 141,094
Foreign Currency Translation Reserve (17,119) (8,660)
Defined Benefit Pension Reserve (251) (592)
TOTAL EQUITY 1,429,269 1,115,046
TOTAL LIABILITIES AND EQUITY 3,027,951 2,486,906
For and on behalf of the Board who authorised the issue of these financial statements on 28 June 2022.
Bruce Plested, Chairman
Simon Cotter, Director
The accompanying notes form an integral part of these financial statements.