✨ Financial Statements
1708
NEW ZEALAND GAZETTE
No. 72
STATEMENT OF MOVEMENTS IN EQUITY
FOR YEAR ENDED 31 MARCH, 2001
| 2001 $ | 2000 $ | |
|---|---|---|
| Total equity at beginning of year | 35,431,956 | 35,546,228 |
| Total recognised revenues and expenses for the year | ||
| Net surplus for the year | 2,836,125 | 2,325,882 |
| Movement in Revaluation Reserve | 1,007,440 | (258,237) |
| 3,843,565 | 2,067,645 | |
| Distributions to Shareholder during the year | ||
| Capital introduced from sale of energy shares | - | 967,494 |
| Repurchase of shares | - | (1,399,411) |
| Dividend | (2,000,000) | (1,750,000) |
| Total equity at end of year | $ 37,275,521 | $ 35,431,956 |
STATEMENT OF CASH FLOWS
FOR YEAR ENDED 31 MARCH, 2001
| Note | 2001 $ | 2000 $ | |
|---|---|---|---|
| Cash Flows from Operating Activities | |||
| Cash was provided from: Receipts from customers | 11,602,834 | 11,975,651 | |
| Interest received | 126,690 | 219,831 | |
| 11,729,524 | 12,195,482 | ||
| Cash was applied to: Payments to suppliers & employees | 6,111,628 | 5,920,201 | |
| GST | (27,886) | (142,055) | |
| Interest paid | 3,861 | 14,875 | |
| Income Tax | 1,638,180 | 1,565,717 | |
| 7,725,783 | 7,358,738 | ||
| Net Cash inflow/(outflow) from Operating Activities | 7 | 4,003,741 | 4,836,744 |
| Cash Flows from Investing Activities | |||
| Cash was provided from: Sale of assets | 13,390 | 19,124 | |
| 13,390 | 19,124 | ||
| Cash was applied to: Purchase of fixed assets | 3,611,881 | 1,807,118 | |
| 3,611,881 | 1,807,118 | ||
| Net Cash inflow/(outflow) from Investing Activities | (3,598,491) | (1,787,994) | |
| Cash Flows from Financing Activities | |||
| Cash was provided from: Sale of United Electricity shares | 967,494 | ||
| 967,494 | |||
| Cash was applied to: Repayment of loans | - | 500,000 | |
| Payment of dividends | 1,750,000 | 1,750,000 | |
| Repurchase of shares | - | 1,399,411 | |
| 1,750,000 | 3,649,411 | ||
| Net Cash inflow/(outflow) from Financing Activities | (1,750,000) | (2,681,917) | |
| Net Increase/(decrease) in cash held | $ (1,344,750) | $ 366,833 | |
| Cash at start of year | 3,488,323 | 3,121,490 | |
| Cash at end of year | 2,143,573 | 3,488,323 | |
| Net increase/(decrease) in cash held | $ (1,344,750) | $ 366,833 |
Next Page →
Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 72
Gazette.govt.nz —
NZ Gazette 2001, No 72
✨ LLM interpretation of page content
💰
Statement of Movements in Equity for Year Ended 31 March 2001
(continued from previous page)
💰 Finance & RevenueEquity, Financial Statement, Surplus, Revaluation Reserve, Dividend
💰 Statement of Cash Flows for Year Ended 31 March 2001
💰 Finance & RevenueCash Flows, Operating Activities, Investing Activities, Financing Activities, Dividends