✨ Financial Statements
27 AUGUST NEW ZEALAND GAZETTE 3259
2.4 STATEMENT OF CASH FLOWS
For the year ended 31 March 2002
| 2002 | 2001 | |
|---|---|---|
| ($'000) | ($'000) |
Cash flows from operating activities
Cash was provided from:
Receipts from customers | 393,696 | 391,359 |
Interest received | 922 | 362 |
| 394,618 | 391,721 |
Cash was applied to:
Payments to suppliers & employees | (130,107) | (155,200) |
Interest paid | (62,925) | (65,174) |
Income taxes paid | (20,444) | (18,202) |
| (213,476) | (238,576) |
Net cash flow from operating activities | 16 | 181,142 | 153,145 |
Cash flows from investing activities
Cash was provided from:
Proceeds from the sale of fixed assets | 1,235 | 1,981 |
Proceeds from investments | - | 306 |
| 1,235 | 2,287 |
Cash was applied to:
Purchases of fixed assets | (50,333) | (71,092) |
Net cash flow from investing activities | (49,098) | (68,805) |
Cash flows from financing activities
Cash was provided from:
Borrowings | 913,690 | - |
| 913,690 | - |
Cash was applied to:
Settlement of borrowings | (990,338) | (33,791) |
Related party advances | - | (1,757) |
Dividends paid | (55,406) | (46,419) |
| (1,045,744)| (81,977)|
Cash flow from financing activities | (132,054)| (81,977)|
Net increase (decrease) in cash held | (10) | 2,363 |
Opening cash balances | (735) | (3,098) |
Closing cash balances | (745) | (735) |
Represented by:
Cash on hand at bank | 284 | - |
Bank overdraft or current loan facility | (1,029) | (735) |
| (745) | (735) |
Cash on hand
The accompanying notes and accounting policies form part of and are to be read in conjunction with this statement.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 122
Gazette.govt.nz —
NZ Gazette 2002, No 122
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Statement of Cash Flows for the year ended 31 March 2002
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💰 Finance & RevenueCash Flows, Financial Statements, Operating Activities, Investing Activities, Financing Activities