New Zealand Gazette – 1999 – No. 170

Page 4041

✨ Electricity Corporation Financial Information

15 NOVEMBER NEW ZEALAND GAZETTE 4041

Electricity Corporation of New Zealand Limited
Supplementary Cash Flow Information for the nine month period ended 31 March 1999

Reconciliation of net profit to net cash from operating activities
Net Profit for the period 345 299
Add (less): Non-cash items:
Depreciation (note 4) 82 110
Decrease in provision for deferred taxation (note 12) (74) (50)
Amortisation of discount on debt 4 7
Other non-cash items (5) -
Matahina dam costs - 31
7 98
Add (less): Movements in working capital items:
Decrease (increase) in accounts receivable (26) 13
Decrease (increase) in prepayments (24) (4)
Decrease (increase) in taxation receivable - 5
Decrease (increase) in inventories (3) 1
Decrease (increase) in other current assets (25) (5)
Increase (decrease) in accounts payable 49 (30)
Increase (decrease) in taxation payable 40 15
Increase (decrease) in other current liabilities (2) (2)
9 (7)
Add (less): Items classified as investing activities:
Profit on sale of fixed assets (129) (31)
Dividend received (12) -
(141) (31)
Net cash from operating activities 220 359

Statement of cash flows - explanatory note

Cash flows in relation to securities and short term debt on page 3 are shown net as turnover is high and providing gross amounts would not provide any additional useful information.

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VUW Te Waharoa — NZ Gazette 1999, No 170

NZLII — NZ Gazette 1999, No 170

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

🏗️ Electricity Corporation of New Zealand Limited Financial Performance (continued from previous page)

Domain🏗️ Infrastructure & Public Works
KeywordsElectricity, Financial Performance, Cash Flows, Operating Activities, Investing Activities, Financing Activities

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