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

INVESTORS

Summary of Financial Information

	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	Audited For Year Ended 31 March 2006 Previous NZ GAAP
STATEMENT OF COMPREHENSIVE INCOME
Total Operating Revenue	935,744	863,208	2,045,977	1,826,006	1,835,856	1,368,330
Finance Costs	248,867	352,513	585,088	516,160	516,160	237,290
Profiit from Operating Activities	100,159	33,909	179,578	693,059	702,909	473,555
Income Tax Expense	29,823	20,560	154,009	228,709	231,960	156,273
Profit from Continuing Operations	70,336	13,349	25,569	464,350	470,949	317,282
Total Comprehensive Surplus	70,336	13,349	25,569	464,350	470,949	317,282
STATEMENT OF CHANGES IN EQUITY
Total Comprehensive Surplus	70,336	13,349	25,569	464,350	470,949	317,282
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	2,000,000	2,000,000	2,000,000	2,000,000	1,000,000
Asset Revaluation Reserve	—	—	—	446,264	446,264	446,264
Retained Earnings	87,021	816,685	803,336	331,503	406,306	435,357
Total Equity	2,887,021	2,816,685	2,803,336	2,777,767	2,852,570	1,881,621
BALANCE SHEET
Total Current Assets	4,924,796	6,384,850	7,002,873	8,826,507	8,826,507	6,942,129
Total Non-Current Assets	538,783	350,438	205,820	1,332,998	1,296,155	1,394,382
Total Current Liabilities	1,347,190	2,512,336	2,626,204	5,386,838	5,275,192	2,253,684
Total Non-Current Liabilities	1,229,368	1,406,267	1,779,153	1,994,900	1,994,900	4,201,206
Total Equity	2,887,021	2,816,685	2,803,336	2,777,767	2,852,570	1,881,621
STATEMENT OF CASH FLOWS
Net Cash Flows From Operating Activities	201,015	24,746	291,095	534,626	534,626	570,941
Net Cash Flows From Investing Activities	(1,401,591)	2,708,631	3,176,347	(2,121,979)	(2,121,979)	(4,304,678)
Net Cash Flows From Financing Activities	(1,284,222)	(460,816)	(1,701,350)	1,336,827	1,336,827	3,756,884
Net Cash Movement for the Year	(2,484,798)	2,272,561	1,766,093	(250,526)	(250,526)	23,147

Financial Statements for the Year Ended 31 March 2010 (826 Kb)

The amounts stated in the summary financial statements are for the entity General Finance Limited and have been extracted from the full audited financial statements for the years ended 31st March 2006 to 31st March 2010.

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 4 August 2010. The directors at the relevant times have previously authorised the issue of full financial statements as follows:

• 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
• Year ended 31 March 2006: Authorised by the directors on 14 June 2006

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 2008 to 31st March 2010. The 31 March 2006 and 31 March 2007 financial years were prepared under the applicable NZ GAAP at the time.

The Company has made an explicit and unreserved statement of compliance with IFRS in its full financial statements for the years ended 31st March 2008 to 31st March 2010.

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 44 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 2006 to 31st March 2010, include unqualified audit opinions.

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.