REFINING NZ
CONSOLIDATED FINANCIAL STATEMENTS
For the year ended 31 December 2020
Contents
CONSOLIDATED FINANCIAL STATEMENTS
Page
Consolidated Income Statement 1
Consolidated Statement of Comprehensive Income 2
Consolidated Balance Sheet 3
Consolidated Statement of Changes in Equity 5
Consolidated Statement of Cash Flows 7
Notes to the Consolidated Financial Statements 8
INDEPENDENT AUDITOR'S REPORT 56
Consolidated Income Statement
FOR THE YEAR ENDED 31 DECEMBER 2020
GROUP | GROUP | |
2020 | 2019 | |
$000 | $000 | |
233,937 | 344,861 | |
11,810 | 3,514 | |
245,747 | 348,375 | |
82,119 | 98,082 | |
19,992 | 31,340 | |
61,532 | 61,247 | |
31,681 | 39,471 | |
195,324 | 230,140 | |
50,423 | 118,235 | |
87,218 | 99,931 | |
223,697 | - | |
310,915 | 99,931 | |
NET (LOSS)/PROFIT BEFORE FINANCE COSTS AND INCOME TAX | (260,492) | 18,304 |
FINANCE COSTS | ||
Finance income | (176) | (44) |
Finance cost | 11,096 | 13,489 |
NET FINANCE COSTS | 10,920 | 13,445 |
NET (LOSS)/PROFIT BEFORE INCOME TAX | (271,412) | 4,859 |
(73,133) | 694 | |
(198,279) | 4,165 | |
(198,279) | 4,165 | |
CENTS | ||
(63.5) | 1.3 | |
(63.3) | 1.3 |
NOTE
INCOME
Revenue 4
Other income 4
TOTAL INCOME EXPENSES
Purchase of process materials and utilities Materials and contractor payments Wages, salaries and benefits Administration and other costs TOTAL EXPENSES
EARNINGS BEFORE DEPRECIATION, IMPAIRMENT, FINANCE COSTS AND INCOME TAX
Depreciation and disposal costs Impairment of assets
TOTAL DEPRECIATION, DISPOSALS AND IMPAIRMENT
Income tax
NET (LOSS)/PROFIT AFTER INCOME TAX ATTRIBUTABLE TO:
Owners of the Parent
EARNINGS PER SHARE FOR PROFIT ATTRIBUTABLE TO THE SHAREHOLDERS OF THE NEW ZEALAND REFINING COMPANY LIMITED
3, 4
20
11 10,11
6
Basic earnings per share 7
Diluted earnings per share 7
THE ABOVE CONSOLIDATED INCOME STATEMENT IS TO BE READ IN CONJUNCTION WITH THE NOTES ON PAGES 8 TO 55.
Consolidated Statement of Comprehensive Income
FOR THE YEAR ENDED 31 DECEMBER 2020
NET (LOSS)/PROFIT AFTER INCOME TAX |
OTHER COMPREHENSIVE INCOME |
Items that will not be reclassified to the Income Statement |
GROUP | GROUP | ||
2020 | 2019 | ||
$000 | $000 | ||
(198,279) | 4,165 | ||
Defined benefit plan actuarial (loss)/gain | 20 | (4,130) | 7,681 |
Deferred tax on defined benefit actuarial loss/(gain) | 6(b) | 1,156 | (2,151) |
Total items that will not be reclassified to the Income | |||
Statement | (2,974) | 5,530 | |
Items that may be subsequently reclassified to the | |||
Income Statement | |||
Movement in cash flow hedge reserve | 22 | 11,092 | (3,094) |
Deferred tax on movement in cash flow hedge reserve | 6(b) | (3,106) | 866 |
Total items that may be subsequently reclassified to | |||
the Income Statement | 22 | 7,986 | (2,228) |
TOTAL OTHER COMPREHENSIVE INCOME, AFTER | |||
INCOME TAX | 5,012 | 3,302 | |
TOTAL COMPREHENSIVE (LOSS)/INCOME FOR THE | |||
YEAR, AFTER INCOME TAX | (193,267) | 7,467 | |
ATTRIBUTABLE TO: | |||
Owners of the Parent | (193,267) | 7,467 |
NOTE
THE ABOVE CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME IS TO BE READ IN CONJUNCTION WITH THE NOTES ON PAGES 8 TO 55.
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The New Zealand Refining Company Limited published this content on 17 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 February 2021 20:26:06 UTC.