6 7
Tainui Group Holdings
Annual Report
2012
6 7
Tainui Group Holdings
Annual Report
2012
Consolidated
Parent
2012
2011
2012
2011
Notes
$’000
$’000
$’000
$’000
Associates
Balance at beginning of year
6
7,222
7,222
-
-
Balance at end of year
7,222
7,222
-
-
(b) Retained earnings
Movements in retained earnings were as follows:
Consolidated
Parent
2012
2011
2012
2011
Notes
$’000
$’000
$’000
$’000
Balance at beginning of year
247,217 235,058
10,060
21,990
Net proft/(loss) for the year
39,372
22,659
(2,752)
(1,430)
Dividend
14
-
(10,500)
-
(10,500)
Balance at end of year
286,589 247,217
7,308
10,060
11 Trade and other receivables
Consolidated
Parent
2012
2011
2012
2011
Notes
$’000
$’000
$’000
$’000
Trade receivables
1,832
1,680
477
421
Property settlements
562
2,781
-
-
Less provision for impairment
(68)
(56)
(1)
-
Trade receivables from related parties
14
158
377
150
377
Prepayments
1,770
454
555
141
GST
-
3,955
15
3
Other receivables
-
126
-
-
4,254
9,317
1,196
942
12 Inventories
Consolidated
Parent
2012
2011
2012
2011
$’000
$’000
$’000
$’000
Land ‑ sections for sale
4,159
4,617
-
-
Other inventories at cost ‑ food and beverage
43
-
-
-
4,202
4,617
-
-
The Bank of New Zealand currently holds a registered frst mortgage over property situated at Huntington/Gordonton
Road, Hamilton. This property is part of the Callum Brae Tainui joint venture.
13 Biological assets
Consolidated
Parent
2012
2011
2012
2011
Notes
$’000
$’000
$’000
$’000
Current
Balance at beginning of year
843
615
843
615
Additions
160
114
160
114
Changes in fair value
4
693
728
693
728
Decreases due to sales
(614)
(614)
(614)
(614)
Balance at end of year
1,082
843
1,082
843