General Finance Limited .:. Investors: Summary of Financial Information

INVESTORS

Summary of Financial Information

	Audited For Year Ended 31 March 2011 NZ IFRS	Audited For Year Ended 31 March 2010 NZ IFRS	Audited For Year Ended 31 March 2009 NZ IFRS	Audited For Year Ended 31 March 2008 NZ IFRS	Restated Audited For Year Ended 31 March 2007 NZ IFRS	Audited For Year Ended 31 March 2007 Previous NZ GAAP
STATEMENT OF COMPREHENSIVE INCOME
Total Operating Revenue	758,296	935,744	863,208	2,045,977	1,826,006	1,835,856
Finance Costs	184,245	248,867	352,513	585,088	516,160	516,160
Profiit from Operating Activities	189,488	100,159	33,909	179,578	693,059	702,909
Income Tax Expense	63,404	29,823	20,560	154,009	228,709	231,960
Profit from Continuing Operations	126,084	70,336	13,349	25,569	464,350	470,949
Total Comprehensive Surplus	126,084	70,336	13,349	25,569	464,350	470,949
STATEMENT OF CHANGES IN EQUITY
Total Comprehensive Surplus	126,084	70,336	13,349	25,569	464,350	470,949
Transfer from Asset Revaluation Reserve	-	—	—	446,264	—	—
Contributions from owners	-	800,000	—	—	1,000,000	1,000,000
Distributions to owners	-	(800,000)	—	—	(500,000)	(500,000)
Issued and Paid Up Capital	2,800,000	2,800,000	2,000,000	2,000,000	2,000,000	2,000,000
Asset Revaluation Reserve	-	—	—	—	446,264	446,264
Retained Earnings	213,105	87,021	816,685	803,336	331,503	406,306
Total Equity	3,013,105	2,887,021	2,816,685	2,803,336	2,777,767	2,852,570
BALANCE SHEET
Total Current Assets	6,122,058	4,924,796	6,384,850	7,002,873	8,826,507	8,826,507
Total Non-Current Assets	192,987	538,783	350,438	205,820	1,332,998	1,296,155
Total Current Liabilities	874,975	1,347,190	2,512,336	2,626,204	5,386,838	5,275,192
Total Non-Current Liabilities	2,426,965	1,229,368	1,406,267	1,779,153	1,994,900	1,994,900
Total Equity	3,013,105	2,887,021	2,816,685	2,803,336	2,777,767	2,852,570
STATEMENT OF CASH FLOWS
Net Cash Flows From Operating Activities	380,619	201,015	24,746	291,095	534,626	534,626
Net Cash Flows From Investing Activities	(1,200,292)	(1,401,591)	2,708,631	3,176,347	(2,121,979)	(2,121,979)
Net Cash Flows From Financing Activities	701,109	(1,284,222)	(460,816)	(1,701,350)	1,336,827	1,336,827
Net Cash Movement for the Year	(118,564)	(2,484,798)	2,272,561	1,766,093	(250,526)	(250,526)

Financial Statements for the Six Months Ended 30 September 2011 (1.862Mb)

The amounts stated in the summary financial statements are for General Finance Limited and have been extracted from the full audited financial statements for the years ended 31st March 2007 to 31st March 2011.

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

The above summary financial statements were authorised for issue in accordance with a resolution of the directors on 8 August 2011. The directors at the relevant times have previously authorised the issue of full financial statements as follows:

Year ended 31 March 2011: Authorised by the directors on 30 June 2011
Year ended 31 March 2010: Authorised by the directors on 5 July 2010
Year ended 31 March 2009: Authorised by the directors on 10 July 2009
Year ended 31 March 2008: Authorised by the directors on 31 July 2008
Year ended 31 March 2007: Authorised by the directors on 23 May 2007

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 31st March 2007 to 31st March 2011. The 31 March 2007 financial year statements were prepared under NZ GAAP applicable at the time, and have been restated.

The Company has made an explicit and unreserved statement of compliance with International Financial Reporting Standards in its full financial statements for the years ended 31st March 2008 to 31st March 2011.

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 refer to pages 23 to 42 of this Prospectus.

The full financial statements have been audited by Hayes Knight Audit. The audit reports for the full financial statements for the years ended 31st March 2007 to 31st March 2011, include unmodified audit opinions. None of the audit reports make any reference to any fundamental uncertainty or matter of emphasis.

There were no changes in accounting policies affecting the prior period other than the transition to NZ IFRS in 2007 and the application of new accounting standards as they were issued and became effective.

The summary financial statements are in compliance with FRS 43.