Denise McNabb

1 week ago | businessdesk.co.nz | Denise McNabb

The latest 2024 accounts for the global NZ-founded toy and consumer goods company, Zuru New Zealand, have been qualified by its auditor, EY, as the company has been unable to reconcile variances in its inventory since 2022.The Wellington office of EY did a physical count of the inventory at Zuru’s third-party logistics provider on Dec 22, 2022, and found differences between the quantity counted then and the quantity recorded nine days later on Dec 31.EY said in Zuru NZ’s 2023 and 2024 audit...

1 month ago | businessdesk.co.nz | Denise McNabb

With the dust well settled on a lengthy court wrangle between the Inland Revenue Department and Japanese beverage and food maker Suntory over a tax avoidance claim, the New Zealand company is ploughing ahead with a $3 billion trans-Tasman merger of the group’s alcohol and non-alcoholic drinks businesses.However, its latest 2024 accounts for the year to December show that it is subject to ongoing scrutiny from Inland Revenue (IR) over royalty payments to its parents for using its brands in...

1 month ago | businessdesk.co.nz | Denise McNabb

Auckland-based general aviation company, Airwork Holdings, racked up a $191.6 million loss for the year to December 2023, accounts filed nearly a year late at the Companies Office on Monday showed. That fell atop a $253.7m loss in the previous corresponding period and, like the 2022 results, included hefty impairments – this time of $154.6 m on the group’s aircraft assets to align with current fair market conditions.

2 months ago | businessdesk.co.nz | Denise McNabb

Ebos Group’s pet food subsidiary, Masterpet Corporation, has bought inventory, intellectual property and plant and equipment from the Christchurch receivers of Vital Petfoods for an undisclosed price.The sale on Feb 21 was around the same time the dual-listed animal products and healthcare company was stitching up the $115 million purchase of New Zealand pet medicine supplier SVS Veterinary Supplies, announced with a splash alongside a $217m capital raising last week.Pet Nutrition NZ Limited...

2 months ago | businessdesk.co.nz | Denise McNabb

GENERAL Tue, Apr 22 2025 08:30 am NEWS RELEASE 25-08 April 17, 2025 Chatham Provides an Update on the Proposed Sale of its Korella Projects WELLINGTON New Zealand – on 20 January 2025 Chatham Rock Phosphate Limited (TSXV: “NZP”, NZX: “CRP” and “3GRE” (Frankfurt) or the “Company”) advised that we had that day agreed to sell to an arm’s-length Australian entity (the Marshall Group) the four mining and exploration leases in respect of our Korella North and South properties currently held by our...