New Zealand Gazette – 1997 – No. 165

Page 3898

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

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