✨ Financial Statements
ELECTRICITY ASHBURTON LIMITED – LINES BUSINESS
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2002
| Note | 2002 |
|---|---|
| $ |
CASH FLOWS FROM OPERATING ACTIVITIES:
Cash was Provided from:
Receipts from Customers | 15,864,021 | 15,245,355
Interest | 34,386 | 0
| 15,898,407 | 15,245,355
Cash was Disbursed for:
Payment to Suppliers & Employees | (15,740,427) | (9,501,053)
Interest Paid | (131,574) | 0
Net G S T Movement | (787,393) | 167,704
Taxation Expense | (211,179) | (325,590)
| (16,870,573) | (9,658,939)
Net Cash Flows from Operating Activities | 15 | (972,166) | 5,586,416
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash was Provided from:
Sale of Fixed Assets | 8,000 | 26,434
| 8,000 | 26,434
Cash was Applied to:
Loan Ashburton Aquatic Park Trust | 0 | (300,000)
Distribution System Improvements | (13,742,167) | (7,172,067)
Other Fixed Asset Additions | (1,185,792) | (213,350)
| (14,927,959) | (7,685,417)
Net Cash Flows Used in Investing Activities | (14,919,959) | (7,658,983)
CASH FLOWS FROM FINANCING ACTIVITIES:
Cash was Provided from:
Contribution from Owners | (27,900) | 3,947,427
Loan Received | 12,000,000 | 0
| 11,972,100 | 3,947,427
Cash was Applied to:
Industry & Loan Repayments | 0 | (7,325)
Dividend | 0 | (1,116,700)
| 0 | (1,124,025)
Net Cash Flows From Financing Activities | 11,972,100 | 2,823,402
NET INCREASE (DECREASE) IN CASH HELD | (3,920,025) | 750,835
Opening Cash Brought Forward | 1,621,798 | 870,963
Ending Cash Carried Forward | $(2,298,227) | $1,621,798
REPRESENTED BY:
Bank Account | $(2,298,227) | $1,621,798
The accompanying notes form part of these financial statements
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 108
Gazette.govt.nz —
NZ Gazette 2002, No 108
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Electricity Ashburton Limited - Lines Business Statement of Cash Flows
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