41
NOTE 3: CONTINUED
2005
2004
$000's
$000's
(c) Provision for dividend reserve
216
509
Dividend relating to 2004/2005 earnings provided for but not
declared by directors at 30 June 2005.
NOTE 4: ACCOUNTS RECEIVABLE AND PREPAYMENTS
Trade debtors
14,109
10,590
Provision for doubtful debts
(67)
(71)
Contract retentions
1,121
768
Prepayments
418
361
Total receivables and prepayments
15,581
11,648
NOTE 5: INVENTORIES AND WORK-IN-PROGRESS
Contract work-in-progress
1,319
1,174
Other supplies
905
517
Total inventories and work-in-progress
2,224
1,691
Inventories are included as security against debenture held
by Bank of New Zealand over the assets of the Company. No
inventories are subject to retention of title clauses.
NOTE 6: FIXED ASSETS
Plant, equipment and vehicles
At cost
27,986
20,645
Accumulated depreciation
(11,835)
(9,777)
Net book value
16,151
10,868
Leased vehicles
At cost
567
1,148
Accumulated depreciation
(201)
(218)
Net book value
366
930
Administration furniture and equipment
At cost
2,899
2,319
Accumulated depreciation
(1,491)
(1,050)
Net book value
1,408
1,269
NOTE 6: CONTINUED
2005
2004
$000's
$000's
Total fixed assets
At cost
31,452
24,112
Accumulated depreciation
(13,527)
(11,045)
Net book value
17,925
13,067
Fixed assets are included as security against debenture held by
Bank of New Zealand over assets of the Company.
The directors consider that the carrying amount of fixed assets
to be the fair value of the assets.
NOTE 7: INTANGIBLE ASSETS
At cost
500
78
Accumulated amortisation
(69)
(78)
Net book value
431
-
The directors consider that the carrying amount of intangible
assets to be the fair value of the assets.
NOTE 8: EMPLOYEE ENTITLEMENTS
Accrued pay
676
569
Annual leave
2,200
1,833
Long service leave
434
411
Total employee entitlements
3,310
2,813
Made up of:
Current
2,995
2,511
Non current
315
302
3,310
2,813
NOTE 9: ACCOUNTS PAYABLE AND ACCRUALS
Trade creditors and accruals
4,416
3,448
Accrued expenses
1,603
1,051
Deferred acquistion payment
200
-
Total accounts payable and accruals
6,219
4,499
Made up of:
Current
6,119
4,499
Non current
100
-
6,219
4,499
