New Zealand Gazette – 2002 – No. 104

Page 2827

✨ Financial Statements



16 AUGUST NEW ZEALAND GAZETTE 2827

The major property holding of the Line business comprised the depot complex at Glasgow Road and Nelson Street, Pukekohe. This property was valued as at 1 September 2000 by Value and Management Services Limited as part of a General Revaluation by the Franklin District Council. This valuation amounted to $1,975,000. The accounting book value in the Financial Statements in respect of this property as at 31 March 2002 was $1,775,000 (2001 $1,857,000).

Other properties with a total accounting book value amounting to $806,000 (2001 $777,000) were not included in the above valuation.

11. RECONCILIATION OF NET PROFIT AFTER TAXATION WITH CASH INFLOW FROM OPERATING ACTIVITIES

2002 2001
$000 $000
Reported surplus after taxation 5,980 3,765

Add non-cash items:

  • Depreciation | 3,547 | 3,057 |
  • Movement in deferred tax | (2,398) | 397 |
    | 1,149 | 3,454 |

Add item classified as investing activity

  • Net (gain)/loss on disposal of fixed assets | (138) | 15 |

Movement in working capital:

  • (Decrease)/Increase in accounts payable | (648) | 26 |
  • (Decrease)/Increase in taxation payable | - | (13) |
  • (Increase)/Decrease in taxation receivable| 346 | (884) |
  • (Increase)/Decrease in accounts receivable| 399 | (779) |
    | 97 | (1,650) |

Net cash inflow/(outflow) from operating activities | 7,088 | 5,584 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2002, No 104


Gazette.govt.nz — PDF NZ Gazette 2002, No 104




✨ LLM interpretation of page content

🏭 Counties Power Limited Statement of Financial Notes (continued from previous page)

🏭 Trade, Customs & Industry
Electricity, Financial Statements, Revenue, Operating Expenditure, Line Business, Accounting