✨ Financial Disclosures
2716 NEW ZEALAND GAZETTE No. 106
- RECONCILIATION OF NET SURPLUS AFTER TAXATION WITH CASHFLOW FROM OPERATING ACTIVITIES
| 31 March 2001 | 31 March 2000 | |
|---|---|---|
| $000 | $000 |
Net Surplus After Tax | 4,105 | 2,461 |
Add Non Cash Items
Depreciation and Loss on Sale | 4,709 | 4,334 |
Movement in Deferred Tax | 17 | - |
| 8,831 | 6,795 |
Plus/(Less) Movement in Working Capital Items:
(Increase)/Decrease in Accounts Receivable | 44 | 2,325 |
Increase in Sundry Assets | 2 | (16) |
(Increase)/Decrease in Stock | 36 | 297 |
Increase/(Decrease) in Provision for Tax | 100 | 532 |
Increase/(Decrease) in Accounts Payable | (32) | 1,263 |
NET CASH FROM OPERATING ACTIVITIES | 8,981 | 11,196 |
- COMMITMENTS
Capital Commitments
Easement Agreements
The Power Company Limited has signed easement agreements for the purpose of constructing a line on private property. Compensation values have been agreed with the terms of payment being 50% payment on the signing of the agreement and the remaining 50% payable upon registration of easement on land title. The commitment outstanding at 31 March 2001 is $3,000 (2000 $47,000).
GIS Mapping Project
PowerNet Limited has commitments relating to the GIS Mapping Project. The Power Company Limited's share of these commitments as at 31 March 2001 is $6,000 (2000 $6,000).
Operating Lease Commitments are as follows:
| 31 March 2001 | 31 March 2000 | |
|---|---|---|
| $000 | $000 |
➢ Less than one year | 70 | 73 |
➢ Greater than one year and not later than two years | 42 | 55 |
➢ Later than two years and no later than five years | 11 | 29 |
➢ Later than five years | - | - |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 106
Gazette.govt.nz —
NZ Gazette 2001, No 106
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Electricity Information Disclosure by The Power Company Limited
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