New Zealand Gazette – 1995 – No. 139

Page 4531

✨ Financial Statements



NEW ZEALAND GAZETTE

27 NOVEMBER

TRANS POWER NEW ZEALAND LIMITED GROUP

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 JUNE 1995

1995 1994
12 months 15 months
$000 $000

Cash Flow from Operations

Cash was provided from:

Receipts from customers .. .. .. .. .. .. .. 513,293 631,288
Tax refund .. .. .. .. .. .. .. .. .. .. 0 882
Interest received .. .. .. .. .. .. .. .. 4,735 6,026

Cash was applied to:

Payments to suppliers and employees .. .. .. (165,978) (210,387)
Provisional tax payment .. .. .. .. .. .. (22,812) (25,000)
Interest paid .. .. .. .. .. .. .. .. (130,284) (131,735)

Net cash flow from operations .. .. .. .. .. 198,954 271,074

Cash Flow from Investments

Cash was provided from:

Sale of assets .. .. .. .. .. .. .. .. 1,720 12,476

Cash was applied to:

Capitalised interest .. .. .. .. .. .. (1,998) (4,596)
Purchase of fixed assets .. .. .. .. .. (74,837) (115,325)
Investment in shares .. .. .. .. .. .. (1,300) (1,500)

Net cash flow (to)/from investments .. .. .. (76,415) (108,945)

Cash Flow from Financing

Cash was provided from:

Net increase in loans .. .. .. .. .. .. 2,114,048 324,040
Capital payments .. .. .. .. .. .. .. 32,500 53,500
Refund of security deposit .. .. .. .. .. 0 47,750
Issue of ordinary share capital .. .. .. .. 0 687,720

Cash was applied to:

Dividends paid .. .. .. .. .. .. (17,977) (358,329)
Repayment of loans .. .. .. .. .. .. (2,255,100) (96,518)
Repayment of redeemable preference shares .. 0 (817,000)

Net cash flow (to)/from financing .. .. .. (126,529) (158,837)

Net increase/(decrease) in cash held .. .. .. (3,990) 3,292
Opening balance brought forward .. .. .. .. 3,314 22
Closing net cash carried forward .. .. .. .. (676) 3,314

Closing net cash carried forward comprises:

Cash in bank .. .. .. .. .. .. .. .. 7 4,735
Bank overdraft .. .. .. .. .. .. .. .. (683) (1,421)

.. .. .. .. .. .. .. .. .. .. (676) 3,314

The notes on pages 6 to 30 form an integral part of these financial statements.

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✨ LLM interpretation of page content

🏗️ Consolidated Statement of Cash Flows for Trans Power New Zealand Limited (continued from previous page)

🏗️ Infrastructure & Public Works
Cash Flows, Financial Statements, Trans Power New Zealand Limited, Operations, Investments, Financing