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New Zealand Gazette – 1997 – No. 165

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✨ Financial Statement

3898 No. 165

NEW ZEALAND GAZETTE

TRANSPOWER NEW ZEALAND LIMITED GROUP

CONSOLIDATED STATEMENT OF CASH FLOWS (cont.)

FOR THE YEAR ENDED 30 JUNE 1997

Reconciliation of "Operating surplus after tax" with "Net Cash Flow from Operations"

	1997	1996
	$000	$000

Operating surplus after tax | 92,896 | 96,395 |

Add/(deduct) non-cash items:
Depreciation | 106,203 | 90,902 |
Infrastructure asset service potential adjustment | 24,205 | 19,795 |
Income tax expense | 26,465 | 46,747 |
Increase/(decrease) in provisions | (479) | 2,137 |
Change in deferred tax | | |

*Other movements in working capital items:**
Decrease/(increase) in trade and other receivables | (22,393) | 3,725 |
Decrease/(increase) in prepayments | (508) | 734 |
Decrease/(increase) in stocks of materials | 7,123 | 6,895 |
(Decrease)/increase in trade and other liabilities, interest payable and deferred income | 21,055 | 4,591 |
Dividend paid | (57,013)| (63,656)|
Tax payments | (42,967)| (29,125)|

Add/(deduct) items classified as investing activities:
Loss on sale of fixed assets | 8,008 | 9,470 |

Net Cash Flow from Operations | 162,595 | 188,610|

Other movements in working capital items relate to operating activities

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VUW Te Waharoa — NZ Gazette 1997, No 165

NZLII — NZ Gazette 1997, No 165

The General Assembly Library (on the right) was completed in 1899 and survived the 1907 fire. Now the oldest remaining original Parliament building, still used as the Parliamentary Library.

✨ LLM interpretation of page content

🏭 TRANSPower New Zealand Limited Information Disclosure (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsElectricity, Financial Performance, Annual Report, Cash Flow, Operations, Investments, Financing

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