Preliminary result and dividend

Results announcement


CMO

Results for announcement to the market
Name of issuer The Colonial Motor Company Limited
Reporting Period 12 months to 30 June 2023
Previous Reporting Period 12 months to 30 June 2022
Amount (000s) Percentage change
Revenue from ordinary
activities
$ 997,225 (0.5)%
Profit from ordinary activities
after tax attributable to
security holder
$ 30,339 (9.0)%
Net profit attributable to
security holders
$ 27,848 (16.1)%
Final Dividend
Amount per Quoted Equity
Security
NZD $0.420000
Imputed amount per Quoted
Equity Security
NZD $0.163333
Record Date 22 September 2023
Dividend Payment Date 02 October 2023
Net tangible assets per
Quoted Equity Security
2023 2022
$ 9.47 $ 9.25
A brief explanation of any of
the figures above necessary
to enable the figures to be
understood
A commentary to assist in the interpretation of the figures in this
announcement is provided in the attached unaudited Preliminary
Result report.
Authority for this announcement
Name of person

authorised
to make this announcement
Jack Tuohy, Company Secretary
Contact phone number 04 384 9734 / 027 4450 972
Contact email address jack.tuohy@colmotor.co.nz
Date of release through MAP

22 August 2023

Unaudited financial statements accompany this announcement.

---

Distribution Notice


CMO
Page 1 of 1


Section 1: issuer information
Name of issuer The Colonial Motor Company Limited
Financial product name/description Ordinary shares
NZX ticker code CMO
ISIN (If unknown, check on NZX website) NZ CMOE0001S7
Type of distribution
(Please mark with an X in the relevant box/es)
Full Year X Quarterly
Half Year Special
DRP applies
Record date Close of trading on: 22 September 2023
Ex-Date 21 September 2022
Payment date 02 October 2022
Total monies associated with the distribution $13,731,745.44
Source of distribution Retained earnings
Currency NZ dollars
Section 2: distribution amounts
Gross distribution $0.58333333
Gross taxable amount $0.58333333
Total cash distribution $0.42000000
Excluded amount (applicable to listed PIEs) $0.00000000
Supplementary distribution amount $0.07411765
Section 3:
Is the distribution imputed Fully imputed
Imputation rate applied 28.0%
Imputation tax credits per financial product $0.16333333
Resident withhold tax amount per financial product $0.02916667
Section 4: distribution re-investment plan – not applicable
Section 5: authority for this announcement
Name of person authorised to make this
announcement Jack Tuohy, Company Secretary
Contact person for this announcement Ashley Waugh, Chair
Contact phone number 04 384 9734 / 027 610 7977
Contact email address cmc@colmotor.co.nz
Date of release via MAP 22 August 2023

---

20 August 2013


Dear Shareholder

• Trading Profit after tax $13.867m, up 17% on last year
• Final Dividend 21 cents compared to 16 cents last year

Your Directors are pleased to advise the unaudited preliminary
result for the year ended 30 June 2013.

Trading profit after tax at $13.867m is 17% up on the previous
year and a record result. Profit for the period is $14.800m
compared to $15.595m last year, which included $4.489m of
insurance recovery proceeds.

The trading result was driven by a strong growing market. The
total market for new heavy trucks, light commercials and
passenger SUVs grew, while the market for new passenger cars
was neutral. With products such as the DAF heavy trucks, Ford
Ranger light commercial, and Mazda CX5 passenger SUV, the
Company had desirable products, in growing segments, on top
of the growing market. It is in this context that the recent
announcement that Ford Australia will cease production of the
Falcon in 2016 is not expected to have a material effect.

Strong sales of both DAF and Kenworth have quickly filled the
new workshop at Hobill Ave. Having all of its operation on one
site while at the same time expanding its sales has driven an
exceptional result from Southpac Trucks. Forward orders
remain strong.

The overall value of the property portfolio has increased.
During the period the contract for sale of our Porirua property
was settled, resulting in a profit on disposal of $0.457m.

Dividend. The Directors have resolved that a fully imputed final
dividend of 21 cents per share will be paid on 21 October. This
takes the full dividend for the financial year to 30 cents per
share compared to 25 cents per share in 2012. This is a total
payout of $9.808m in dividends compared to $8.174m last
year.

The Annual Report will be mailed by the end of September and
the 95
th
Annual Meeting will be held at 11 am on Friday 1
November 2013 at the Company’s offices.

For and on behalf of the Board
J P (Jim) Gibbons
CHAIRMAN


STATEMENT OF CASH FLOWS
For the year ended 30 June 2013

2013 2012
$’000 $’000
Net Cash Flows from:
Operating Activities (2,326) 15,900
Investing Activities 401 (4,552)
Financing Activities (3,594) (7,911)
Net Increase / (Decrease)
in Cash Held (5,519) 3,437
Opening Cash Balance 9,460 6,023
Closing Cash Balance
3,941 9,460
Cashflow Reconciliation

Profit for the Period attributable


to Shareholders
14,125 15,123
Adjustment for Non Cash
Items
4,114 5,032
Movement in Working Capital
(16,485) (2,153)
Items classified as Investing
Activities
(4,000) (947)
Items classified as Financing
Activities
(80) (1,155)
Net Cashflow from Operating
Activities
(2,326) 15,900





Unaudited

PRELIMINARY
RESULT


For the year to

30 June 2013

Level 6,5 7 Co urtenay Pla ce,
PO Box 6159, Marion Square,
Wellington 6141
New Zealand

Telephone (04) 384 9734
E-mail address cmc@colmotor.co.nz
www.colmotor.co.nz










For the year ended
30 June 2023

20 August 2013


Dear Shareholder

• Trading Profit after tax $13.867m, up 17% on last year
• Final Dividend 21 cents compared to 16 cents last year

Your Directors are pleased to advise the unaudited preliminary
result for the year ended 30 June 2013.

Trading profit after tax at $13.867m is 17% up on the previous
year and a record result. Profit for the period is $14.800m
compared to $15.595m last year, which included $4.489m of
insurance recovery proceeds.

The trading result was driven by a strong growing market. The
total market for new heavy trucks, light commercials and
passenger SUVs grew, while the market for new passenger cars
was neutral. With products such as the DAF heavy trucks, Ford
Ranger light commercial, and Mazda CX5 passenger SUV, the
Company had desirable products, in growing segments, on top
of the growing market. It is in this context that the recent
announcement that Ford Australia will cease production of the
Falcon in 2016 is not expected to have a material effect.

Strong sales of both DAF and Kenworth have quickly filled the
new workshop at Hobill Ave. Having all of its operation on one
site while at the same time expanding its sales has driven an
exceptional result from Southpac Trucks. Forward orders
remain strong.

The overall value of the property portfolio has increased.
During the period the contract for sale of our Porirua property
was settled, resulting in a profit on disposal of $0.457m.

Dividend. The Directors have resolved that a fully imputed final
dividend of 21 cents per share will be paid on 21 October. This
takes the full dividend for the financial year to 30 cents per
share compared to 25 cents per share in 2012. This is a total
payout of $9.808m in dividends compared to $8.174m last
year.

The Annual Report will be mailed by the end of September and
the 95
th
Annual Meeting will be held at 11 am on Friday 1
November 2013 at the Company’s offices.

For and on behalf of the Board
J P (Jim) Gibbons
CHAIRMAN


STATEMENT OF CASH FLOWS
For the year ended 30 June 2013

2013 2012
$’000 $’000
Net Cash Flows from:
Operating Activities
(2,326) 15,900
Investing Activities 401 (4,552)
Financing Activities (3,594) (7,911)
Net Increase / (Decrease)
in Cash Held
(5,519) 3,437
Opening Cash Balance 9,460 6,023
Closing Cash Balance
3,941 9,460
Cashflow Reconciliation

Profit for the Period attributable


to Shareholders
14,125 15,123
Adjustment for Non Cash
Items
4,114 5,032
Movement in Working Capital
(16,485) (2,153)
Items classified as Investing
Activities
(4,000) (947)
Items classified as Financing
Activities
(80) (1,155)
Net Cashflow from Operating
Activities
(2,326) 15,900





Unaudited

PRELIMINARY
RESULT


For the year to

30 June 2013

Level 6,5 7 Co urtenay Pla ce,
PO Box 6159, Marion Square,
Wellington 6141
New Zealand

Telephone (04) 384 9734
E-mail address cmc@colmotor.co.nz
www.colmotor.co.nz











20 August 2013


Dear Shareholder

• Trading Profit after tax $13.867m, up 17% on last year
• Final Dividend 21 cents compared to 16 cents last year

Your Directors are pleased to advise the unaudited preliminary
result for the year ended 30 June 2013.

Trading profit after tax at $13.867m is 17% up on the previous
year and a record result. Profit for the period is $14.800m
compared to $15.595m last year, which included $4.489m of
insurance recovery proceeds.

The trading result was driven by a strong growing market. The
total market for new heavy trucks, light commercials and
passenger SUVs grew, while the market for new passenger cars
was neutral. With products such as the DAF heavy trucks, Ford
Ranger light commercial, and Mazda CX5 passenger SUV, the
Company had desirable products, in growing segments, on top
of the growing market. It is in this context that the recent
announcement that Ford Australia will cease production of the
Falcon in 2016 is not expected to have a material effect.

Strong sales of both DAF and Kenworth have quickly filled the
new workshop at Hobill Ave. Having all of its operation on one
site while at the same time expanding its sales has driven an
exceptional result from Southpac Trucks. Forward orders
remain strong.

The overall value of the property portfolio has increased.
During the period the contract for sale of our Porirua property
was settled, resulting in a profit on disposal of $0.457m.

Dividend. The Directors have resolved that a fully imputed final
dividend of 21 cents per share will be paid on 21 October. This
takes the full dividend for the financial year to 30 cents per
share compared to 25 cents per share in 2012. This is a total
payout of $9.808m in dividends compared to $8.174m last
year.

The Annual Report will be mailed by the end of September and
the 95
th
Annual Meeting will be held at 11 am on Friday 1
November 2013 at the Company’s offices.

For and on behalf of the Board
J P (Jim) Gibbons
CHAIRMAN


STATEMENT OF CASH FLOWS
For the year ended 30 June 2013

2013 2012
$’000 $’000
Net Cash Flows from:
Operating Activities
(2,326) 15,900
Investing Activities 401 (4,552)
Financing Activities (3,594) (7,911)
Net Increase / (Decrease)
in Cash Held
(5,519) 3,437
Opening Cash Balance 9,460 6,023
Closing Cash Balance
3,941 9,460
Cashflow Reconciliation

Profit for the Period attributable


to Shareholders
14,125 15,123
Adjustment for Non Cash
Items
4,114 5,032
Movement in Working Capital
(16,485) (2,153)
Items classified as Investing
Activities
(4,000) (947)
Items classified as Financing
Activities
(80) (1,155)
Net Cashflow from Operating
Activities
(2,326) 15,900





Unaudited

PRELIMINARY
RESULT


For the year to

30 June 2013

Level 6,5 7 Co urtenay Pla ce,
PO Box 6159, Marion Square,
Wellington 6141
New Zealand

Telephone (04) 384 9734
E-mail address cmc@colmotor.co.nz
www.colmotor.co.nz











20 August 2013


Dear Shareholder

• Trading Profit after tax $13.867m, up 17% on last year
• Final Dividend 21 cents compared to 16 cents last year

Your Directors are pleased to advise the unaudited preliminary
result for the year ended 30 June 2013.

Trading profit after tax at $13.867m is 17% up on the previous
year and a record result. Profit for the period is $14.800m
compared to $15.595m last year, which included $4.489m of
insurance recovery proceeds.

The trading result was driven by a strong growing market. The
total market for new heavy trucks, light commercials and
passenger SUVs grew, while the market for new passenger cars
was neutral. With products such as the DAF heavy trucks, Ford
Ranger light commercial, and Mazda CX5 passenger SUV, the
Company had desirable products, in growing segments, on top
of the growing market. It is in this context that the recent
announcement that Ford Australia will cease production of the
Falcon in 2016 is not expected to have a material effect.

Strong sales of both DAF and Kenworth have quickly filled the
new workshop at Hobill Ave. Having all of its operation on one
site while at the same time expanding its sales has driven an
exceptional result from Southpac Trucks. Forward orders
remain strong.

The overall value of the property portfolio has increased.
During the period the contract for sale of our Porirua property
was settled, resulting in a profit on disposal of $0.457m.

Dividend. The Directors have resolved that a fully imputed final
dividend of 21 cents per share will be paid on 21 October. This
takes the full dividend for the financial year to 30 cents per
share compared to 25 cents per share in 2012. This is a total
payout of $9.808m in dividends compared to $8.174m last
year.

The Annual Report will be mailed by the end of September and
the 95
th
Annual Meeting will be held at 11 am on Friday 1
November 2013 at the Company’s offices.

For and on behalf of the Board
J P (Jim) Gibbons
CHAIRMAN


STATEMENT OF CASH FLOWS
For the year ended 30 June 2013

2013 2012
$’000 $’000
Net Cash Flows from:
Operating Activities (2,326) 15,900
Investing Activities 401 (4,552)
Financing Activities (3,594) (7,911)
Net Increase / (Decrease)
in Cash Held (5,519) 3,437
Opening Cash Balance 9,460 6,023
Closing Cash Balance
3,941 9,460
Cashflow Reconciliation

Profit for the Period attributable


to Shareholders
14,125 15,123
Adjustment for Non Cash
Items
4,114 5,032
Movement in Working Capital
(16,485) (2,153)
Items classified as Investing
Activities
(4,000) (947)
Items classified as Financing
Activities
(80) (1,155)
Net Cashflow from Operating
Activities
(2,326) 15,900





Unaudited

PRELIMINARY
RESULT


For the year to

30 June 2013

Level 6,5 7 Co urtenay Pla ce,
PO Box 6159, Marion Square,
Wellington 6141
New Zealand

Telephone (04) 384 9734
E-mail address cmc@colmotor.co.nz
www.colmotor.co.nz

STATEMENT OF FINANCIAL PERFORMANCE
For the year ended 30 June 2023
2023 2022
$’000 $’000

Revenue
Products 914,319 926,432
Services 80,984 72,600
Other Income 1,922 3,816
Total Revenue 997,225 1,002,848

Less Expenses
Cost of Products Sold 801,918 815,425
Remuneration of Staff 93,831 90,648
Depreciation & Amortisation 8,171 8,082
Interest 9,253 4,401
Other 38,954 34,921
Trading Profit before Tax 45,098 49,371
Less Taxation
Current 12,732 14,166
Deferred (90) (178)
32,456 35,383
Less Non Controlling Interest 2,117 2,038
Trading Profit after Tax 30,339 33,345
Property – Fair Value Movement
(2,626) (420)
Deferred Tax Movement 141 190
Investment – Fair Value Movement (6) 68
Profit after Tax 27,848 33,183
Profit for the year attributable to:
Shareholders 27,848 33,183
Non Controlling Interest 2,117 2,038
PROFIT FOR THE YEAR 29,965 35,221









STATEMENT OF COMPREHENSIVE INCOME
For the year ended 30 June 2023

2023 2022

$’000 $’000



Profit for the year 29,965 35,221
Other comprehensive income
Items that will not be reclassified
subsequently to profit or loss:
Property revaluation reserve
Change in fair value (2,584) 23,982
Deferred tax movement 3,111 (675)
Items that may be classified subsequently
to profit or loss:

Foreign exchange hedging reserve
Change in fair value (1,096) 3,903
Deferred tax movement 307 (1,093)
Total comprehensive income 29,703 61,338
Attributable to:
Shareholders 27,704 58,879
Non Controlling Interest 1,999 2,459

29,703 61,338


2023 2022
Basic & Diluted Earnings per Share on
- Profit attributable to shareholders 85.2c 101.5c
- Trading Profit after Tax 92.8c 102.0c
Dividend per Share 57.0c 62.0c
Net Tangible Assets per Share $9.47 $9.25



STATEMENT OF CHANGES IN EQUITY
For the year ended 30 June 2023

2023 2022
$’000 $’000


Equity at beginning of year 307,840 265,834
Total comprehensive income 29,703 61,338
Dividends paid to Shareholders (20,271) (17,982)
Dividend paid to Non Controlling Interest (1,350) (1,350)
Equity at end of year 315,922 307,840

STATEMENT OF FINANCIAL POSITION
As at 30 June 2023
2023 2022
$’000 $’000


Liabilities

Bank Borrowings 21,511 8,732
At Call Deposits 31,327 31,076
Vehicle Floorplan Finance 51,994 28,443
Credit Contracts 694 956
Other Current Liabilities 81,101 54,494
Total Current Liabilities 186,627 123,701
Non Current Liabilities
Lease Liabilities 19,103 19,752
Bank Borrowings
26,230 6,000
Credit Contracts 536 920
Total Non Current Liabilities 45,869 26,672
Shareholders’ Equity 310,773 303,340
Non Controlling Interest 5,149 4,500
Total Equity 315,922 307,840
Total Equity and Liabilities 548,418 458,213

Assets
Inventory 205,977 137,020
Cash & Bank 9,854 11,844
Credit Contracts 685 942
Other Current Assets 49,914 42,771
Total Current Assets 266,430 192,577

Non Current Assets
Property, Plant & Equipment 271,157 258,065
Credit Contracts 536 920
Other Non Current Assets 10,295 6,651
Total Non Current Assets 281,988 265,636

Total Assets 548,418 458,213

These summary consolidated Financial Statements have
not been audited.

STATEMENT OF FINANCIAL PERFORMANCE
For the year ended 30 June 2023
2023 2022
$’000 $’000

Revenue
Products 914,319 926,432
Services 80,984 72,600
Other Income 1,922 3,816
Total Revenue 997,225 1,002,848

Less Expenses
Cost of Products Sold 801,918 815,425
Remuneration of Staff 93,831 90,648
Depreciation & Amortisation 8,171 8,082
Interest 9,253 4,401
Other 38,954 34,921
Trading Profit before Tax 45,098 49,371
Less Taxation
Current 12,732 14,166
Deferred (90) (178)
32,456 35,383
Less Non Controlling Interest 2,117 2,038
Trading Profit after Tax 30,339 33,345
Property – Fair Value Movement
(2,626) (420)
Deferred Tax Movement 141 190
Investment – Fair Value Movement (6) 68
Profit after Tax 27,848 33,183
Profit for the year attributable to:
Shareholders 27,848 33,183
Non Controlling Interest 2,117 2,038
PROFIT FOR THE YEAR 29,965 35,221









STATEMENT OF COMPREHENSIVE INCOME
For the year ended 30 June 2023

2023 2022

$’000 $’000



Profit for the year 29,965 35,221
Other comprehensive income
Items that will not be reclassified
subsequently to profit or loss:
Property revaluation reserve
Change in fair value (2,584) 23,982
Deferred tax movement 3,111 (675)
Items that may be classified subsequently
to profit or loss:

Foreign exchange hedging reserve
Change in fair value (1,096) 3,903
Deferred tax movement 307 (1,093)
Total comprehensive income 29,703 61,338
Attributable to:
Shareholders 27,704 58,879
Non Controlling Interest 1,999 2,459

29,703 61,338


2023 2022
Basic & Diluted Earnings per Share on
- Profit attributable to shareholders 85.2c 101.5c
- Trading Profit after Tax 92.8c 102.0c
Dividend per Share 57.0c 62.0c
Net Tangible Assets per Share $9.47 $9.25



STATEMENT OF CHANGES IN EQUITY
For the year ended 30 June 2023

2023 2022
$’000 $’000


Equity at beginning of year 307,840 265,834
Total comprehensive income 29,703 61,338
Dividends paid to Shareholders (20,271) (17,982)
Dividend paid to Non Controlling Interest (1,350) (1,350)
Equity at end of year 315,922 307,840

STATEMENT OF FINANCIAL POSITION
As at 30 June 2023
2023 2022
$’000 $’000


Liabilities

Bank Borrowings 21,511 8,732
At Call Deposits 31,327 31,076
Vehicle Floorplan Finance 51,994 28,443
Credit Contracts 694 956
Other Current Liabilities 81,101 54,494
Total Current Liabilities 186,627 123,701
Non Current Liabilities
Lease Liabilities 19,103 19,752
Bank Borrowings
26,230 6,000
Credit Contracts 536 920
Total Non Current Liabilities 45,869 26,672
Shareholders’ Equity 310,773 303,340
Non Controlling Interest 5,149 4,500
Total Equity 315,922 307,840
Total Equity and Liabilities 548,418 458,213

Assets
Inventory 205,977 137,020
Cash & Bank 9,854 11,844
Credit Contracts 685 942
Other Current Assets 49,914 42,771
Total Current Assets 266,430 192,577

Non Current Assets
Property, Plant & Equipment 271,157 258,065
Credit Contracts 536 920
Other Non Current Assets 10,295 6,651
Total Non Current Assets 281,988 265,636

Total Assets 548,418 458,213

These summary consolidated Financial Statements have
not been audited.


STATEMENT OF FINANCIAL PERFORMANCE
For the year ended 30 June 2023
2023 2022
$’000 $’000

Revenue
Products 914,319 926,432
Services 80,984 72,600
Other Income 1,922 3,816
Total Revenue 997,225 1,002,848

Less Expenses
Cost of Products Sold 801,918 815,425
Remuneration of Staff 93,831 90,648
Depreciation & Amortisation 8,171 8,082
Interest 9,253 4,401
Other 38,954 34,921
Trading Profit before Tax 45,098 49,371
Less Taxation
Current 12,732 14,166
Deferred (90) (178)
32,456 35,383
Less Non Controlling Interest 2,117 2,038
Trading Profit after Tax 30,339 33,345
Property – Fair Value Movement
(2,626) (420)
Deferred Tax Movement 141 190
Investment – Fair Value Movement (6) 68
Profit after Tax 27,848 33,183
Profit for the year attributable to:
Shareholders 27,848 33,183
Non Controlling Interest 2,117 2,038
PROFIT FOR THE YEAR 29,965 35,221









STATEMENT OF COMPREHENSIVE INCOME
For the year ended 30 June 2023

2023 2022

$’000 $’000



Profit for the year 29,965 35,221
Other comprehensive income
Items that will not be reclassified
subsequently to profit or loss:
Property revaluation reserve
Change in fair value (2,584) 23,982
Deferred tax movement 3,111 (675)
Items that may be classified subsequently
to profit or loss:

Foreign exchange hedging reserve
Change in fair value (1,096) 3,903
Deferred tax movement 307 (1,093)
Total comprehensive income 29,703 61,338
Attributable to:
Shareholders 27,704 58,879
Non Controlling Interest 1,999 2,459

29,703 61,338


2023 2022
Basic & Diluted Earnings per Share on
- Profit attributable to shareholders 85.2c 101.5c
- Trading Profit after Tax 92.8c 102.0c
Dividend per Share 57.0c 62.0c
Net Tangible Assets per Share $9.47 $9.25



STATEMENT OF CHANGES IN EQUITY
For the year ended 30 June 2023

2023 2022
$’000 $’000


Equity at beginning of year 307,840 265,834
Total comprehensive income 29,703 61,338
Dividends paid to Shareholders (20,271) (17,982)
Dividend paid to Non Controlling Interest (1,350) (1,350)
Equity at end of year 315,922 307,840

STATEMENT OF FINANCIAL POSITION
As at 30 June 2023
2023 2022
$’000 $’000


Liabilities

Bank Borrowings 21,511 8,732
At Call Deposits 31,327 31,076
Vehicle Floorplan Finance 51,994 28,443
Credit Contracts 694 956
Other Current Liabilities 81,101 54,494
Total Current Liabilities 186,627 123,701
Non Current Liabilities
Lease Liabilities 19,103 19,752
Bank Borrowings
26,230 6,000
Credit Contracts 536 920
Total Non Current Liabilities 45,869 26,672
Shareholders’ Equity 310,773 303,340
Non Controlling Interest 5,149 4,500
Total Equity 315,922 307,840
Total Equity and Liabilities 548,418 458,213

Assets
Inventory 205,977 137,020
Cash & Bank 9,854 11,844
Credit Contracts 685 942
Other Current Assets 49,914 42,771
Total Current Assets 266,430 192,577

Non Current Assets
Property, Plant & Equipment 271,157 258,065
Credit Contracts 536 920
Other Non Current Assets 10,295 6,651
Total Non Current Assets 281,988 265,636

Total Assets 548,418 458,213

These summary consolidated Financial Statements have
not been audited.

STATEMENT OF FINANCIAL PERFORMANCE
For the year ended 30 June 2023
2023 2022
$’000 $’000

Revenue
Products 914,319 926,432
Services 80,984 72,600
Other Income 1,922 3,816
Total Revenue 997,225 1,002,848

Less Expenses
Cost of Products Sold 801,918 815,425
Remuneration of Staff 93,831 90,648
Depreciation & Amortisation 8,171 8,082
Interest 9,253 4,401
Other 38,954 34,921
Trading Profit before Tax 45,098 49,371
Less Taxation
Current 12,732 14,166
Deferred (90) (178)
32,456 35,383
Less Non Controlling Interest 2,117 2,038
Trading Profit after Tax 30,339 33,345
Property – Fair Value Movement
(2,626) (420)
Deferred Tax Movement 141 190
Investment – Fair Value Movement (6) 68
Profit after Tax 27,848 33,183
Profit for the year attributable to:
Shareholders 27,848 33,183
Non Controlling Interest 2,117 2,038
PROFIT FOR THE YEAR 29,965 35,221









STATEMENT OF COMPREHENSIVE INCOME
For the year ended 30 June 2023

2023 2022

$’000 $’000



Profit for the year 29,965 35,221
Other comprehensive income
Items that will not be reclassified
subsequently to profit or loss:
Property revaluation reserve
Change in fair value (2,584) 23,982
Deferred tax movement 3,111 (675)
Items that may be classified subsequently
to profit or loss:

Foreign exchange hedging reserve
Change in fair value (1,096) 3,903
Deferred tax movement 307 (1,093)
Total comprehensive income 29,703 61,338
Attributable to:
Shareholders 27,704 58,879
Non Controlling Interest 1,999 2,459

29,703 61,338


2023 2022
Basic & Diluted Earnings per Share on
- Profit attributable to shareholders 85.2c 101.5c
- Trading Profit after Tax 92.8c 102.0c
Dividend per Share 57.0c 62.0c
Net Tangible Assets per Share $9.47 $9.25



STATEMENT OF CHANGES IN EQUITY
For the year ended 30 June 2023

2023 2022
$’000 $’000


Equity at beginning of year 307,840 265,834
Total comprehensive income 29,703 61,338
Dividends paid to Shareholders (20,271) (17,982)
Dividend paid to Non Controlling Interest (1,350) (1,350)
Equity at end of year 315,922 307,840

STATEMENT OF FINANCIAL POSITION
As at 30 June 2023
2023 2022
$’000 $’000


Liabilities

Bank Borrowings 21,511 8,732
At Call Deposits 31,327 31,076
Vehicle Floorplan Finance 51,994 28,443
Credit Contracts 694 956
Other Current Liabilities 81,101 54,494
Total Current Liabilities 186,627 123,701
Non Current Liabilities
Lease Liabilities 19,103 19,752
Bank Borrowings
26,230 6,000
Credit Contracts 536 920
Total Non Current Liabilities 45,869 26,672
Shareholders’ Equity 310,773 303,340
Non Controlling Interest 5,149 4,500
Total Equity 315,922 307,840
Total Equity and Liabilities 548,418 458,213

Assets
Inventory 205,977 137,020
Cash & Bank 9,854 11,844
Credit Contracts 685 942
Other Current Assets 49,914 42,771
Total Current Assets 266,430 192,577

Non Current Assets
Property, Plant & Equipment 271,157 258,065
Credit Contracts 536 920
Other Non Current Assets 10,295 6,651
Total Non Current Assets 281,988 265,636

Total Assets 548,418 458,213

These summary consolidated Financial Statements have
not been audited.

22 August 2023

Dear Shareholder
• Trading Profit after Tax at $30.3m is a strong result in a
tightening market
• Total Dividends for the year 57cps, 61% of the after-tax
Trading Profit
Trading conditions
Light vehicle trading conditions have been inconsistent through the
second half of the financial year. In particular, this has been due
to changes in the Clean Car Scheme and taxes on higher emitting
vehicles driving short-term, artificial demand. Coupled with this
came the challenge of ‘lumpy’ supply for key products. Despite
these challenges, our light vehicle dealerships generally posted
strong full year results. With the agricultural sector of the economy
struggling with high inflation and cooling primary produce returns,
our tractor dealerships experienced a challenging last quarter, but
still posted a respectable full year result. In contrast, the heavy
truck dealership’s results have remained steady, with strong
demand persisting throughout the year. This level of demand,
together with a volatile supply chain and congested local body
building capacity has resulted in increased inventory levels, which
is reflected in the year end accounts and will be carried throughout
the new financial year.
Property developments
As we reported to you last year, building costs continued to
escalate and the focus has remained on those refurbishment
projects already underway. This was pursued in preference to
commencing any major new redevelopments. The results of the
committed refurbishment and redevelopment programmes have
come to fruition and we can be very proud of the Timaru Motors,
Avon City Ford and Dunedin City Motors dealership facilities that
are now complete. In the coming year, redevelopment of the
Fagan Motors sales and administration building in Masterton is
planned. A major development in Palmerston North, to support our
heavy vehicle operations in the Lower North Island, continues
through the planning stages but with construction expected to
remain some time away yet. The impact of the negative economic
environment on property values across the country has not spared
the Group and this is reflected in the fair value adjustments at 30
June.
Dividend
The Directors have declared a fully imputed dividend of 42 cps to
be paid on Monday, 2 October 2023, with a record date of Friday,
22 September. This will take the total dividend for the year to 57
cps, 61% of the Trading Profit after Tax.
Annual Report
The 2023 Annual Report will be published in late September
including the notice for the 105th Annual General Meeting to be
held midday on Friday, November 10 at The Harbourside Function
Venue, 4 Taranaki Street, Wellington.


Outlook
Higher fuel prices, inflation, Government interventions and a continued
cooling economy are anticipated to take a heavier toll on our customers
and the business into 2024 and potentially beyond. Balancing this
outlook somewhat will be a continued refresh of products from both
Ford and Mazda. Whilst overall the demand for new vehicles is
forecast to decline, these new models, together with the improving
availability of other hybrid and electrified vehicles, will support
customer enquiry coming into our dealerships in a weakening market.
Management continues to explore new opportunities to expand on the
Group’s core competencies in order to provide resilience to the overall
operations. As new opportunities emerge, they will receive careful
consideration of the necessary capital investment requirements and
potential returns they may bring with them.
For and on behalf of the Board
A J Waugh
CHAIR

STATEMENT OF CASH FLOWS
For the year ended 30 June 2023


2023 2022

$’000 $’000
Net Cash Flows from:
Operating Activities (10,224) 67,255
Investing Activities (24,927) (22,518)
Financing Activities 33,161 (47,629)
Net Decrease in Cash Held (1,990) (2,892)
Opening Cash Balance 11,844 14,736
Closing Cash Balance 9,854 11,844


Cash Flow Reconciliation

Profit for the Year 29,965 35,221
Adjustment for Non Cash Items
10,564 8,048
Movement in Working Capital
(50,753) 23,986
Net Cash Flow from
Operating Activities
(10,224) 67,255








Level 6, 57 Courtenay Place,
PO Box 6159, Marion Square,
Wellington 6141
New Zealand
Telephone (04) 384 9734
E-mail address cmc@colmotor.co.nz
www.colmotor.co.nz




22 August 2023

Dear Shareholder
• Trading Profit after Tax at $30.3m is a strong result in a
tightening market
• Total Dividends for the year 57cps, 61% of the after-tax
Trading Profit
Trading conditions
Light vehicle trading conditions have been inconsistent through the
second half of the financial year. In particular, this has been due
to changes in the Clean Car Scheme and taxes on higher emitting
vehicles driving short-term, artificial demand. Coupled with this
came the challenge of ‘lumpy’ supply for key products. Despite
these challenges, our light vehicle dealerships generally posted
strong full year results. With the agricultural sector of the economy
struggling with high inflation and cooling primary produce returns,
our tractor dealerships experienced a challenging last quarter, but
still posted a respectable full year result. In contrast, the heavy
truck dealership’s results have remained steady, with strong
demand persisting throughout the year. This level of demand,
together with a volatile supply chain and congested local body
building capacity has resulted in increased inventory levels, which
is reflected in the year end accounts and will be carried throughout
the new financial year.
Property developments
As we reported to you last year, building costs continued to
escalate and the focus has remained on those refurbishment
projects already underway. This was pursued in preference to
commencing any major new redevelopments. The results of the
committed refurbishment and redevelopment programmes have
come to fruition and we can be very proud of the Timaru Motors,
Avon City Ford and Dunedin City Motors dealership facilities that
are now complete. In the coming year, redevelopment of the
Fagan Motors sales and administration building in Masterton is
planned. A major development in Palmerston North, to support our
heavy vehicle operations in the Lower North Island, continues
through the planning stages but with construction expected to
remain some time away yet. The impact of the negative economic
environment on property values across the country has not spared
the Group and this is reflected in the fair value adjustments at 30
June.
Dividend
The Directors have declared a fully imputed dividend of 42 cps to
be paid on Monday, 2 October 2023, with a record date of Friday,
22 September. This will take the total dividend for the year to 57
cps, 61% of the Trading Profit after Tax.
Annual Report
The 2023 Annual Report will be published in late September
including the notice for the 105th Annual General Meeting to be
held midday on Friday, November 10 at The Harbourside Function
Venue, 4 Taranaki Street, Wellington.


Outlook
Higher fuel prices, inflation, Government interventions and a continued
cooling economy are anticipated to take a heavier toll on our customers
and the business into 2024 and potentially beyond. Balancing this
outlook somewhat will be a continued refresh of products from both
Ford and Mazda. Whilst overall the demand for new vehicles is
forecast to decline, these new models, together with the improving
availability of other hybrid and electrified vehicles, will support
customer enquiry coming into our dealerships in a weakening market.
Management continues to explore new opportunities to expand on the
Group’s core competencies in order to provide resilience to the overall
operations. As new opportunities emerge, they will receive careful
consideration of the necessary capital investment requirements and
potential returns they may bring with them.
For and on behalf of the Board
A J Waugh
CHAIR

STATEMENT OF CASH FLOWS
For the year ended 30 June 2023


2023 2022

$’000 $’000
Net Cash Flows from:
Operating Activities (10,224) 67,255
Investing Activities (24,927) (22,518)
Financing Activities 33,161 (47,629)
Net Decrease in Cash Held (1,990) (2,892)
Opening Cash Balance 11,844 14,736
Closing Cash Balance 9,854 11,844


Cash Flow Reconciliation

Profit for the Year 29,965 35,221
Adjustment for Non Cash Items
10,564 8,048
Movement in Working Capital
(50,753) 23,986
Net Cash Flow from
Operating Activities
(10,224) 67,255








Level 6, 57 Courtenay Place,
PO Box 6159, Marion Square,
Wellington 6141
New Zealand
Telephone (04) 384 9734
E-mail address cmc@colmotor.co.nz
www.colmotor.co.nz

20 August 2013


Dear Shareholder

• Trading Profit after tax $13.867m, up 17% on last year
• Final Dividend 21 cents compared to 16 cents last year

Your Directors are pleased to advise the unaudited preliminary
result for the year ended 30 June 2013.

Trading profit after tax at $13.867m is 17% up on the previous
year and a record result. Profit for the period is $14.800m
compared to $15.595m last year, which included $4.489m of
insurance recovery proceeds.

The trading result was driven by a strong growing market. The
total market for new heavy trucks, light commercials and
passenger SUVs grew, while the market for new passenger cars
was neutral. With products such as the DAF heavy trucks, Ford
Ranger light commercial, and Mazda CX5 passenger SUV, the
Company had desirable products, in growing segments, on top
of the growing market. It is in this context that the recent
announcement that Ford Australia will cease production of the
Falcon in 2016 is not expected to have a material effect.

Strong sales of both DAF and Kenworth have quickly filled the
new workshop at Hobill Ave. Having all of its operation on one
site while at the same time expanding its sales has driven an
exceptional result from Southpac Trucks. Forward orders
remain strong.

The overall value of the property portfolio has increased.
During the period the contract for sale of our Porirua property
was settled, resulting in a profit on disposal of $0.457m.

Dividend. The Directors have resolved that a fully imputed final
dividend of 21 cents per share will be paid on 21 October. This
takes the full dividend for the financial year to 30 cents per
share compared to 25 cents per share in 2012. This is a total
payout of $9.808m in dividends compared to $8.174m last
year.

The Annual Report will be mailed by the end of September and
the 95
th
Annual Meeting will be held at 11 am on Friday 1
November 2013 at the Company’s offices.

For and on behalf of the Board
J P (Jim) Gibbons
CHAIRMAN


STATEMENT OF CASH FLOWS
For the year ended 30 June 2013

2013 2012
$’000 $’000
Net Cash Flows from:
Operating Activities (2,326) 15,900
Investing Activities 401 (4,552)
Financing Activities (3,594) (7,911)
Net Increase / (Decrease)
in Cash Held (5,519) 3,437
Opening Cash Balance 9,460 6,023
Closing Cash Balance
3,941 9,460
Cashflow Reconciliation

Profit for the Period attributable


to Shareholders
14,125 15,123
Adjustment for Non Cash
Items
4,114 5,032
Movement in Working Capital
(16,485) (2,153)
Items classified as Investing
Activities
(4,000) (947)
Items classified as Financing
Activities
(80) (1,155)
Net Cashflow from Operating
Activities
(2,326) 15,900





Unaudited

PRELIMINARY
RESULT


For the year to

30 June 2013

Level 6,5 7 Co urtenay Pla ce,
PO Box 6159, Marion Square,
Wellington 6141
New Zealand

Telephone (04) 384 9734
E-mail address cmc@colmotor.co.nz
www.colmotor.co.nz











20 August 2013


Dear Shareholder

• Trading Profit after tax $13.867m, up 17% on last year
• Final Dividend 21 cents compared to 16 cents last year

Your Directors are pleased to advise the unaudited preliminary
result for the year ended 30 June 2013.

Trading profit after tax at $13.867m is 17% up on the previous
year and a record result. Profit for the period is $14.800m
compared to $15.595m last year, which included $4.489m of
insurance recovery proceeds.

The trading result was driven by a strong growing market. The
total market for new heavy trucks, light commercials and
passenger SUVs grew, while the market for new passenger cars
was neutral. With products such as the DAF heavy trucks, Ford
Ranger light commercial, and Mazda CX5 passenger SUV, the
Company had desirable products, in growing segments, on top
of the growing market. It is in this context that the recent
announcement that Ford Australia will cease production of the
Falcon in 2016 is not expected to have a material effect.

Strong sales of both DAF and Kenworth have quickly filled the
new workshop at Hobill Ave. Having all of its operation on one
site while at the same time expanding its sales has driven an
exceptional result from Southpac Trucks. Forward orders
remain strong.

The overall value of the property portfolio has increased.
During the period the contract for sale of our Porirua property
was settled, resulting in a profit on disposal of $0.457m.

Dividend. The Directors have resolved that a fully imputed final
dividend of 21 cents per share will be paid on 21 October. This
takes the full dividend for the financial year to 30 cents per
share compared to 25 cents per share in 2012. This is a total
payout of $9.808m in dividends compared to $8.174m last
year.

The Annual Report will be mailed by the end of September and
the 95
th
Annual Meeting will be held at 11 am on Friday 1
November 2013 at the Company’s offices.

For and on behalf of the Board
J P (Jim) Gibbons
CHAIRMAN


STATEMENT OF CASH FLOWS
For the year ended 30 June 2013

2013 2012
$’000 $’000
Net Cash Flows from:
Operating Activities
(2,326) 15,900
Investing Activities 401 (4,552)
Financing Activities (3,594) (7,911)
Net Increase / (Decrease)
in Cash Held
(5,519) 3,437
Opening Cash Balance 9,460 6,023
Closing Cash Balance
3,941 9,460
Cashflow Reconciliation

Profit for the Period attributable


to Shareholders
14,125 15,123
Adjustment for Non Cash
Items
4,114 5,032
Movement in Working Capital
(16,485) (2,153)
Items classified as Investing
Activities
(4,000) (947)
Items classified as Financing
Activities
(80) (1,155)
Net Cashflow from Operating
Activities
(2,326) 15,900





Unaudited

PRELIMINARY
RESULT


For the year to

30 June 2013

Level 6,5 7 Co urtenay Pla ce,
PO Box 6159, Marion Square,
Wellington 6141
New Zealand

Telephone (04) 384 9734
E-mail address cmc@colmotor.co.nz
www.colmotor.co.nz











20 August 2013


Dear Shareholder

• Trading Profit after tax $13.867m, up 17% on last year
• Final Dividend 21 cents compared to 16 cents last year

Your Directors are pleased to advise the unaudited preliminary
result for the year ended 30 June 2013.

Trading profit after tax at $13.867m is 17% up on the previous
year and a record result. Profit for the period is $14.800m
compared to $15.595m last year, which included $4.489m of
insurance recovery proceeds.

The trading result was driven by a strong growing market. The
total market for new heavy trucks, light commercials and
passenger SUVs grew, while the market for new passenger cars
was neutral. With products such as the DAF heavy trucks, Ford
Ranger light commercial, and Mazda CX5 passenger SUV, the
Company had desirable products, in growing segments, on top
of the growing market. It is in this context that the recent
announcement that Ford Australia will cease production of the
Falcon in 2016 is not expected to have a material effect.

Strong sales of both DAF and Kenworth have quickly filled the
new workshop at Hobill Ave. Having all of its operation on one
site while at the same time expanding its sales has driven an
exceptional result from Southpac Trucks. Forward orders
remain strong.

The overall value of the property portfolio has increased.
During the period the contract for sale of our Porirua property
was settled, resulting in a profit on disposal of $0.457m.

Dividend. The Directors have resolved that a fully imputed final
dividend of 21 cents per share will be paid on 21 October. This
takes the full dividend for the financial year to 30 cents per
share compared to 25 cents per share in 2012. This is a total
payout of $9.808m in dividends compared to $8.174m last
year.

The Annual Report will be mailed by the end of September and
the 95
th
Annual Meeting will be held at 11 am on Friday 1
November 2013 at the Company’s offices.

For and on behalf of the Board
J P (Jim) Gibbons
CHAIRMAN


STATEMENT OF CASH FLOWS
For the year ended 30 June 2013

2013 2012
$’000 $’000
Net Cash Flows from:
Operating Activities (2,326) 15,900
Investing Activities 401 (4,552)
Financing Activities (3,594) (7,911)
Net Increase / (Decrease)
in Cash Held (5,519) 3,437
Opening Cash Balance 9,460 6,023
Closing Cash Balance
3,941 9,460
Cashflow Reconciliation

Profit for the Period attributable


to Shareholders
14,125 15,123
Adjustment for Non Cash
Items
4,114 5,032
Movement in Working Capital
(16,485) (2,153)
Items classified as Investing
Activities
(4,000) (947)
Items classified as Financing
Activities
(80) (1,155)
Net Cashflow from Operating
Activities
(2,326) 15,900





Unaudited

PRELIMINARY
RESULT


For the year to

30 June 2013

Level 6,5 7 Co urtenay Pla ce,
PO Box 6159, Marion Square,
Wellington 6141
New Zealand

Telephone (04) 384 9734
E-mail address cmc@colmotor.co.nz
www.colmotor.co.nz











20 August 2013


Dear Shareholder

• Trading Profit after tax $13.867m, up 17% on last year
• Final Dividend 21 cents compared to 16 cents last year

Your Directors are pleased to advise the unaudited preliminary
result for the year ended 30 June 2013.

Trading profit after tax at $13.867m is 17% up on the previous
year and a record result. Profit for the period is $14.800m
compared to $15.595m last year, which included $4.489m of
insurance recovery proceeds.

The trading result was driven by a strong growing market. The
total market for new heavy trucks, light commercials and
passenger SUVs grew, while the market for new passenger cars
was neutral. With products such as the DAF heavy trucks, Ford
Ranger light commercial, and Mazda CX5 passenger SUV, the
Company had desirable products, in growing segments, on top
of the growing market. It is in this context that the recent
announcement that Ford Australia will cease production of the
Falcon in 2016 is not expected to have a material effect.

Strong sales of both DAF and Kenworth have quickly filled the
new workshop at Hobill Ave. Having all of its operation on one
site while at the same time expanding its sales has driven an
exceptional result from Southpac Trucks. Forward orders
remain strong.

The overall value of the property portfolio has increased.
During the period the contract for sale of our Porirua property
was settled, resulting in a profit on disposal of $0.457m.

Dividend. The Directors have resolved that a fully imputed final
dividend of 21 cents per share will be paid on 21 October. This
takes the full dividend for the financial year to 30 cents per
share compared to 25 cents per share in 2012. This is a total
payout of $9.808m in dividends compared to $8.174m last
year.

The Annual Report will be mailed by the end of September and
the 95
th
Annual Meeting will be held at 11 am on Friday 1
November 2013 at the Company’s offices.

For and on behalf of the Board
J P (Jim) Gibbons
CHAIRMAN


STATEMENT OF CASH FLOWS
For the year ended 30 June 2013

2013 2012
$’000 $’000
Net Cash Flows from:
Operating Activities (2,326) 15,900
Investing Activities 401 (4,552)
Financing Activities (3,594) (7,911)
Net Increase / (Decrease)
in Cash Held (5,519) 3,437
Opening Cash Balance 9,460 6,023
Closing Cash Balance
3,941 9,460
Cashflow Reconciliation

Profit for the Period attributable


to Shareholders
14,125 15,123
Adjustment for Non Cash
Items
4,114 5,032
Movement in Working Capital
(16,485) (2,153)
Items classified as Investing
Activities
(4,000) (947)
Items classified as Financing
Activities
(80) (1,155)
Net Cashflow from Operating
Activities
(2,326) 15,900





Unaudited

PRELIMINARY
RESULT


For the year to

30 June 2013

Level 6,5 7 Co urtenay Pla ce,
PO Box 6159, Marion Square,
Wellington 6141
New Zealand

Telephone (04) 384 9734
E-mail address cmc@colmotor.co.nz
www.colmotor.co.nz












22 August 2023

Dear Shareholder
• Trading Profit after Tax at $30.3m is a strong result in a
tightening market
• Total Dividends for the year 57cps, 61% of the after-tax
Trading Profit
Trading conditions
Light vehicle trading conditions have been inconsistent through the
second half of the financial year. In particular, this has been due
to changes in the Clean Car Scheme and taxes on higher emitting
vehicles driving short-term, artificial demand. Coupled with this
came the challenge of ‘lumpy’ supply for key products. Despite
these challenges, our light vehicle dealerships generally posted
strong full year results. With the agricultural sector of the economy
struggling with high inflation and cooling primary produce returns,
our tractor dealerships experienced a challenging last quarter, but
still posted a respectable full year result. In contrast, the heavy
truck dealership’s results have remained steady, with strong
demand persisting throughout the year. This level of demand,
together with a volatile supply chain and congested local body
building capacity has resulted in increased inventory levels, which
is reflected in the year end accounts and will be carried throughout
the new financial year.
Property developments
As we reported to you last year, building costs continued to
escalate and the focus has remained on those refurbishment
projects already underway. This was pursued in preference to
commencing any major new redevelopments. The results of the
committed refurbishment and redevelopment programmes have
come to fruition and we can be very proud of the Timaru Motors,
Avon City Ford and Dunedin City Motors dealership facilities that
are now complete. In the coming year, redevelopment of the
Fagan Motors sales and administration building in Masterton is
planned. A major development in Palmerston North, to support our
heavy vehicle operations in the Lower North Island, continues
through the planning stages but with construction expected to
remain some time away yet. The impact of the negative economic
environment on property values across the country has not spared
the Group and this is reflected in the fair value adjustments at 30
June.
Dividend
The Directors have declared a fully imputed dividend of 42 cps to
be paid on Monday, 2 October 2023, with a record date of Friday,
22 September. This will take the total dividend for the year to 57
cps, 61% of the Trading Profit after Tax.
Annual Report
The 2023 Annual Report will be published in late September
including the notice for the 105th Annual General Meeting to be
held midday on Friday, November 10 at The Harbourside Function
Venue, 4 Taranaki Street, Wellington.


Outlook
Higher fuel prices, inflation, Government interventions and a continued
cooling economy are anticipated to take a heavier toll on our customers
and the business into 2024 and potentially beyond. Balancing this
outlook somewhat will be a continued refresh of products from both
Ford and Mazda. Whilst overall the demand for new vehicles is
forecast to decline, these new models, together with the improving
availability of other hybrid and electrified vehicles, will support
customer enquiry coming into our dealerships in a weakening market.
Management continues to explore new opportunities to expand on the
Group’s core competencies in order to provide resilience to the overall
operations. As new opportunities emerge, they will receive careful
consideration of the necessary capital investment requirements and
potential returns they may bring with them.
For and on behalf of the Board
A J Waugh
CHAIR

STATEMENT OF CASH FLOWS
For the year ended 30 June 2023


2023 2022

$’000 $’000
Net Cash Flows from:
Operating Activities (10,224) 67,255
Investing Activities (24,927) (22,518)
Financing Activities 33,161 (47,629)
Net Decrease in Cash Held (1,990) (2,892)
Opening Cash Balance 11,844 14,736
Closing Cash Balance 9,854 11,844


Cash Flow Reconciliation

Profit for the Year 29,965 35,221
Adjustment for Non Cash Items
10,564 8,048
Movement in Working Capital
(50,753) 23,986
Net Cash Flow from
Operating Activities
(10,224) 67,255








Level 6, 57 Courtenay Place,
PO Box 6159, Marion Square,
Wellington 6141
New Zealand
Telephone (04) 384 9734
E-mail address cmc@colmotor.co.nz
www.colmotor.co.nz