New Zealand Gazette – 1998 – No. 193

Page 4530

✨ Financial Statements



4530 NEW ZEALAND GAZETTE No. 193

TRANSPower New Zealand Limited Group
CONSOLIDATED STATEMENT OF CASH FLOWS (cont.)
FOR THE YEAR ENDED 30 JUNE 1998

Reconciliation Of "Operating Surplus After Tax" With "Net Cash Flow From Operations"

                                                                                  1998         1997
                                                                                 $000         $000

Operating surplus after tax (338,059) 92,896

Add/(deduct) non-cash items:
Depreciation 117,756 106,203
Infrastructure asset service potential adjustment 22,443 24,205
Transfer from revaluation reserve 407,147 -
Income tax expense 25,494 26,465
Increase/(decrease) in provisions (270) (479)

Other movements in working capital items*:
Decrease/(increase) in trade and other receivables (5,587) (22,393)
Decrease/(increase) in prepayments 509 (508)
Decrease/(increase) in stocks of materials 7,798 7,123
(Decrease)/increase in trade and other
liabilities, interest payable and deferred income 9,048 21,056
Tax received from subsidiaries - -
(Decrease)/increase in taxation payable (32,904) (42,967)

Add/(deduct) items classified as investing activities:
Fixed asset write-offs and loss on sale 18,106 8,008

Net Cash Flow from Operations 231,481 219,609

  • Other movements in working capital items relate to operating activities

These statements are to be read in conjunction with the accompanying notes.



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✨ LLM interpretation of page content

🏭 Transpower New Zealand Limited Consolidated Statement of Cash Flows (continued from previous page)

🏭 Trade, Customs & Industry
Electricity, Financial Performance, Cash Flows, Revenue, Expenses, Investments, Financing