New Zealand Gazette – 1999 – No. 147

Page 3513

✨ Financial Statements

11 OCTOBER NEW ZEALAND GAZETTE 3513

VECTOR Limited (Formerly Mercury Energy Limited)

Electricity Lines Business

Statement of cash flows for the year ended 31 March 1999

Notes	1999
	$000

Cash flows from operating activities

Cash was provided from:

Receipts from customers 225,550

Interest received 22

                                        225,572

Cash was disbursed to:

Payments to suppliers and employees 106,903

Payments related to CBD crisis 91,471

Taxation paid (20)

Interest paid 24,426

                                        222,780

Net cash inflow from operating activities 16 2,792

Cash flows from investing activities

Cash was provided from:

Proceeds from sale of meters 50,000

Proceeds from sale of other fixed assets 275

                                        50,275

Cash was applied to:

Purchase and construction of fixed assets 99,929

                                        99,929

Net cash (outflow) from investing activities (49,654)

Cash flows from financing activities

Cash was provided from:

Capital reallocated from other business 259,744

                                        259,744

Cash was applied to:

Net Loan facilities* 200,880

Dividends paid 9,576

                                        210,456

Net cash inflow from financing activities 49,288

Net increase (decrease) in cash 2,426

Opening cash brought forward 390

Ending cash carried forward 2,816

*Cash inflows and cash outflows have been netted for ease of presentation

The accompanying notes form part of these financial statements.

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VUW Te Waharoa — NZ Gazette 1999, No 147

NZLII — NZ Gazette 1999, No 147

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

🏭 Financial Performance of Vector Limited for the year ended 31 March 1999 (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Performance, Revenue, Surplus, Deficit, Tax, Electricity Lines Business

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