New Zealand Gazette – 1999 – No. 143

Page 3424

✨ Financial Statements Notes



NEW ZEALAND GAZETTE

No. 143

NETWORK TASMAN LIMITED

LINE BUSINESS FINANCIAL STATEMENTS

NOTES TO THE FINANCIAL STATEMENTS

  1. DEFERRED TAXATION
Opening Balance 1,288 (0)
Under (over) provision in prior years 0 (210)
Deferred tax on timing differences (1,207) 437
Reinstate deferred tax 0 1,061
81 1,288
  1. TERM LIABILITIES

Reserve Bank loans (interest rates 9.5% to 16.75%)
0 52
Other 0 0
0 52

Less current portion

| | 0 | 52 |
| | 0 | 0 |

Repayable as follows:
1 to 2 years 0 0
2 to 3 years 0 0
  1. RECONCILIATION OF NET SURPLUS AFTER TAXATION WITH CASH INFLOW FROM OPERATING ACTIVITIES

SURPLUS AFTER TAXATION

4,117

Add (less) non-cash items

| Depreciation & asset write-downs (net of depr’n recovered) | 3,908 |
| Movement in deferred taxation | 1,207 |
| Amortisation of capital contributions | 0 |
| Writedown of investments | 0 |
| Group non-cash transfers | 0 |

5,115

Add items classified in investing activity

| Movement in capital expenditure in accounts payable | (346) |

(346)

Movement in working capital

| Increase (decrease) in creditors and provisions | (5,392) |
| Increase (decrease) in deferred income | 0 |
| Decrease (increase) in receivables | 366 |
| Decrease in inventory | 0 |
| Increase (decrease) in taxation | 1,451 |

(3,575)

Net cash inflow from operating activities

5,311



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✨ LLM interpretation of page content

🏭 Network Tasman Limited Line Business Financial Statements for 1999 (continued from previous page)

🏭 Trade, Customs & Industry
Financial Performance, Revenue, Earnings, Taxation, Dividends, Network Tasman Limited