Page 31 - NZPM Annual Report 2020

NZPM GROUP LIMITED
Consolidated Statement of Financial Position

At 31 March 2020

2020 2019
Note
$’000 $’000
ASSETS
Current assets
Cash and cash equivalents 23.1 697 29
Trade and other receivables 12 34,604 30,862
Right to returned goods asset 13 1,046 1,351
Inventories 14 36,057 34,344
Derivative financial instruments 32.3 75 0
Total current assets 72,479 66,586

Non-current assets
Property, plant and equipment 15 14,602 13,323
Intangible assets 16 8,040 8,317
Right-of-use assets 18.1 49,218 0
Deferred taxation 10.3 2,100 1,706
Total non-current assets 73,960 23,346
Total assets 146,439 89,932

LIABILITIES
Current liabilities
Trade and other payables 20 27,142 24,235
Refund liability 21 1,520 1,909
Contract liabilities 22 1,100 1,135
Derivative financial instruments 32.3 288 23
Provisions 25 3,106 2,821
Lease liabilities 24 6,077 0
Taxation payable 10.2 788 2,182
Total current liabilities 40,021 32,305

Non-current liabilities
Lease incentives 0 259
Borrowings 23.2 9,895 7,855
Derivative financial instruments 32.3 164 504
Long-term provisions 25 608 616
Lease liabilities 24 45,055 0
Co-operative share capital 26 29,932 27,899
Total non-current liabilities 85,654 37,133
Total liabilities 125,675 69,438

Net assets 20,764 20,494
EQUITY
Retained earnings 20,764 20,494
Total equity 20,764 20,494

The above consolidated statement of financial position should be read in conjunction with the accompanying notes.
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NZPM GROUP LIMITED ANNUAL REPORT 2020