New Zealand Gazette – 2001 – No. 87

Page 2230

✨ Financial Statements



HORIZON ENERGY DISTRIBUTION LIMITED

Financial Statements for the purposes of the Electricity (Information Disclosure)

Regulations 1999 and the Electricity (Information Disclosure) Amendment Regulations 2000

STATEMENT OF CASH FLOWS

For the Year Ended 31 March 2001

Lines Business 2001 $000 Lines Business 2000 $000

Cash Flow from Operating Activities
Cash was provided from:

  • Receipts from Customers | 23,605 | 23,909 |

  • Net Goods and Services Tax Received (Paid) | (20) | 81 |

  • Interest from Short Term Deposits | - | 51 |

    | 23,585 | 24,041 |

Cash was applied to:

  • Payments to Suppliers and Employees | (9,166) | (11,864) |

  • Interest Paid to non-related parties | (2,962) | (2,725) |

  • Interest Paid to "Other" business | - | (802) |

  • Income Tax Paid | (2,697) | (1,224) |

    | (14,825) | (16,615) |

Net Cash Inflow from Operating Activities | 8,760 | 7,426 |

Cash Flow from Investing Activities
Cash was provided from:

  • Proceeds from the Sale of Other Fixed Assets | (3) | 369 |
  • Transfer of Fixed Assets to "Other" | - | 1,069 |

Cash was applied to:

  • Purchases and Construction of Fixed Assets | (1,571) | (2,554) |

Net Cash Outflow to Investing Activities | (1,574) | (1,116) |

Cash Flow From Financing Activities
Cash was provided from:

  • Transfer of Shares from "Other" | - | 4,588 |

Cash was applied to:

  • Settlement of Term Debt | (5,500) | (3,500) |
  • Dividends Paid | (3,749) | (3,376) |
  • Issue/(Purchase Back) of Shares | - | (41,882) |

Net Cash Inflow from (Outflow to) Financing Activities | (9,249) | (44,170) |

Net Movement in Cash Held | (2,063) | (37,860) |
Add Opening Cash | 2,803 | 40,663 |
Closing Cash Carried Forward | 740 | 2,803 |

Represented by:

  • Cash at Bank | 230 | (13) |
  • Short Term Deposits | - | 300 |
  • Advance to "Other" | 510 | 2,516 |

Closing Cash Carried Forward | 740 | 2,803 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2001, No 87


Gazette.govt.nz — PDF NZ Gazette 2001, No 87




✨ LLM interpretation of page content

🏗️ Financial Statements for Horizon Energy Distribution Limited (continued from previous page)

🏗️ Infrastructure & Public Works
Electricity, Financial Statements, Revenue, Expenditure, Horizon Energy Distribution Limited