New Zealand Gazette – 1999 – No. 107

Page 2545

✨ Financial Disclosure Statement



NEW ZEALAND GAZETTE

1 SEPTEMBER

Horowhenua Energy Limited Line Business – Disclosure 1999

Statement of cash flows

for the year ended 31 March 1999

| Note | 1999
| $000 | 1998
| $000 |
|------|----------------|------|
| | Cash flows from operating activities |
| | Cash was received from: |
| | Receipts from customers | 13,457 | 13,479 |
| | Interest received | 114 | - |
| | | 13,571 | 13,479 |
| | Cash was disbursed to: |
| | Payments to suppliers and employees | (10,720) | (12,065) |
| | Interest paid | (562) | - |
| | | (11,282) | (12,065) |
| | Net cash flows from operating activities | 12 | 2,289 | 1,414 |

Cash flows to investing activities

| | Cash was provided from: |
| | Proceeds from sale of energy business | 4,041 | - |
| | Proceeds from sale of property, plant and equipment | 4,893 | 71 |
| | | 8,934 | 71 |
| | Cash was applied to: |
| | Purchase of property, plant and equipment | (1,527) | (3,254) |
| | | (1,527) | (3,254) |
| | Net cash from investing activities | 7,407 | (3,183) |

Cash flows from financing activities

| | Cash was provided from: |
| | Loans raised | 3,250 | - |
| | | 3,250 | - |
| | Cash was applied to: |
| | Repayment of loans | (10,000)| - |
| | Payment of dividends | (152) | - |
| | | (10,152)| - |
| | Net cash flows used in financing activities | (6,902)| - |

| | Net increase in cash held | 2,794 | (1,769)|
| | Add opening cash brought forward | 2,934 | 4,703 |
| | |---------|-------|
| | Ending cash carried forward | $5,728 | $2,934|



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🏭 Financial and Performance Disclosure by Horowhenua Energy Limited (continued from previous page)

🏭 Trade, Customs & Industry
28 May 1999
Electricity, Financial Disclosure, Performance Measures, Horowhenua Energy Limited