Balance Sheets As at June 2008

		GROUP			COMPANY
(NZD in thousands)	Note	2008 Total	2007 Total		2008 Total	2008 Total
Equity attributable to members of the parent company	20	356,584	290,810		291,869	268,117
Minority interests	20	8,477	7,945		—	—
Total Equity		365,061	298,755		291,869	268,117
Property, plant and equipment	14	311,682	266,639		20,479	20,473
Intangible assets	15	150,174	122,846		2,211	2,242
Investments in associates	12	3,819	2,743		—	—
Investments in subsidiaries		—	—		148,907	148,907
Trade and other receivables	11	1,167	—		143,689	131,149
Deferred tax asset	13	6,533	7,275		808	1,628
Non-current Assets		473,375	399,503		316,094	304,399
Inventories	10	234,573	210,604		17,713	24,409
Trade and other receivables	11	334,354	279,955		17,130	23,833
Income tax receivable		6,304	4,250		73	1,424
Cash and cash equivalents		50,843	26,462		7,591	8,217
Current Assets		626,074	521,271		42,507	57,883
Total Assets		1,099,449	920,774		358,601	362,282
Borrowings	17	403,118	271,093		52,484	24
Employee provisions	18	29,348	24,065		1,329	1,469
Provisions	19	384	3,980		—	—
Deferred tax liability	13	21,217	21,072		—	—
Non-current Liabilities		454,067	320,210		53,813	1,493
Borrowings	17	385	75,247		65	75,049
Trade and other payables	16	245,118	193,532		9,882	13,704
Employee provisions	18	17,671	19,243		1,289	1,319
Provisions	19	12,248	11,745		1,683	2,600
Income tax payable		4,899	2,042		—	—
Current Liabilities		280,321	301,809		12,919	92,672
Total Liabilities		734,388	622,019		66,732	94,165
Total Net Assets		365,061	298,755		291,869	268,117