INVESTORS Summary of Financial Information
Company Profile
Directors
Financials
Deposit Rates
Investor Newsletters
Product Disclosure Stmt
How to Invest
Company Directory



Contact us
Switch to Borrowers




 

  Audited
For Year
Ended
31 March
2017
Audited
For Year
Ended
31 March
2016
Audited
For Year
Ended
31 March
2015
Audited
For Year
Ended
31 March
2014
Audited
For Year
Ended
31 March
2013
STATEMENT OF COMPREHENSIVE INCOME
Total Operating Revenue 1,445,890 1,457,749 1,522,993 1,375,205 1,060,904
Finance Costs 498,835 544,855 469,249 455,045 372,562
Profit from Operating Activities  431,980 321,008 432,586 284,211 260,409
Income Tax Expense 121,696 89,698 124,475 79,161 72,915
Profit After Tax Expense 310,284 231,310 308,111 205,050 187,494
Total Comprehensive Surplus   310,284 231,310 308,111 205,050 187,494

STATEMENT OF CHANGES IN EQUITY
Total Equity at start of year 3,175,521 3,175,521 3,117,410 3,112,360 3,074,866
Issue of shares
Dividend (400,000) (250,000) (250,000) (200,000) (150,000)
Total Comprehensive Surplus   310,284 231,310 308,111 205,050 187,494
Total Equity at end of year 3,067,115 3,156,831 3,175,521 3,117,410 3,112,360
 
Total Equity at end of year consists of:
Issued and Paid Up Capital 2,800,000 2,800,000 2,800,000 2,800,000 2,800,000
Retained Earnings 267,115 356,831 375,521 317,410 312,360

BALANCE SHEET
Cash & Cash Equivalents 2,410,342 1,875,899 707,119 41,038 1,487,880
Short Term Bank Deposit 1,214,531 2,192,262 1,131,499 1,003,419
Loan Receivables 8,294,488 7,391,044 9,330,444 8,709,818 8,138,057
Other Assets 11,986 37,245 27,421 31,381 22,374
Total Assets 11,931,347 11,496,450 11,196,483 9,785,656 9,648,311
Debenture Stock 8,684,556 8,315,883 7,789,704 6,467,231 5,705,040
Other Liabilities 179,675 123,736 231,258 201,015 830,911
Total Liabilities 8,864,231 8,339,619 8,020,962 6,668,246 6,535,951
Total Equity 3,067,115 3,156,831 3,175,521 3,117,410 3,112,360

Capital
deducting deferred tax gives: 5,289 27,332 24,826 25,182 20,356
Capital (per 2010 Regulations) 3,061,826 3,129,499 3,150,695 3,092,228 3,092,004

STATEMENT OF CASH FLOWS
Net Cash Flows From Operating Activities (482,104) 2,092,868 (278,330) (428,999) (2,203,400)
Net Cash Flows From Investing Activities
Net Cash Flows From Financing Activities 38,816 136,675 1,072,491 (14,422) 2,086,024
Net Cash Movement for the Year (443,288) 2,229,543 794,161 (443,423) (117,376)

 

Financial Statements for the year ended 31 March 2017

The amounts stated in the summary financial statements are for General Finance Limited, on its own, and have been extracted from the full audited financial statements for the years ended 31 March 2013 to 31 March 2017.

The summary financial statements are presented in New Zealand Dollars and all values are rounded to the nearest dollar.

The directors at the relevant times have previously authorised the issue of full financial statements as follows:

  • Year ended 31 March 2017: Authorised by the directors on 24 May 2017
  • Year ended 31 March 2015: Authorised by the directors on 13 June 2016
  • Year ended 31 March 2015: Authorised by the directors on 22 May 2015
  • Year ended 31 March 2014: Authorised by the directors on 12 June 2014
  • Year ended 31 March 2013: Authorised by the directors on 31 May 2013

The full financial statements, from which these summary financial statements were extracted have been prepared in accordance with NZ GAAP (New Zealand Generally Accepted Accounting Practice) and comply with the New Zealand equivalents to International Financial Reporting Standards (NZ IFRS), and other applicable Financial Reporting Standards, as appropriate for profit-oriented entities for the years ended 31 March 2013 to 31 March 2017 .

General Finance has made an explicit and unreserved statement of compliance with NZ IFRS in its full financial statements for the years ended 31 March 2013 to 31 March 2017.

The summary financial statements cannot be expected to provide as complete an understanding as provided by the full financial statements. For a copy of the full financial statements please click the link above.

The full financial statements for the year ended 31 March 2013 were audited by PKF Ross Melville Audit, for the years ended 31 March 2014 to 31 March 2016 by William Buck Christmas Gouwland, and for the year ended 31 March 2017 by William Buck Christmas Gouwland Audit Limited. The audit reports for the full financial statements for the years ended 31 March 2013 to 31 March 2017, include unmodified audit opinions. None of the audit reports make any reference to any fundamental uncertainty or matter of emphasis.

William Buck Christmas Gouwland Audit Limited is registered under the Auditor Regulation Act 2011, with registration number AUD304. There are no restrictions or limitations on their registration.

There were no changes in accounting policies affecting the prior period other than the application of new accounting standards as they were issued and became effective.

The summary financial statements are in compliance with FRS 43.

.