✨ Financial Statements
STATEMENT OF CASH FLOWS
For the Year Ended 31 March 2002
| Notes | 2002
$000 | 2001
$000 |
|-------|--------------|--------------|
Cash Flows from Operating Activities
Cash Was Provided From:
| Receipts from customers | 16,685 | 18,507 |
| Interest Received | 310 | 430 |
| 16,995 | 18,937 |
Cash was applied to:
| Payments to Suppliers, Employees and Customers | (14,726) | (16,617) |
| Income Tax Paid | (12) | (1,020) |
| Interest Paid | (24) | (51) |
| (14,762) | (17,688) |
| Net Cash Flows from Operating Activities | 2,233 | 1,249 |
Cash Flows from Investing Activities
Cash was provided from:
| Proceeds From Sale of Fixed Assets | 3 | 7 |
Cash was Applied To:
| Purchase of Fixed Assets | (3,153) | (1,848) |
| Net Cash Flows from Investing Activities | (3,150) | (1,841) |
Cash Flows from Financing Activities
Cash Was Applied to:
| Payment of Dividend | (100) | (100) |
| Net Cash Flows from Financing Activities | (100) | (100) |
| Net Increase(Decrease) in Cash Held | (1,017) | (692) |
| Cash at Beginning of Year | 5,658 | 6,350 |
| Cash at End of Year | 4,641 | 5,658 |
Reconciliation of Operating Surplus after Taxation with Cash Flows from Operating Activities
Operating Surplus (Deficit) after Taxation | (344) | 2,388 |
Non Cash Items
| Depreciation | 1,460 | 1,292 |
| Change in Future Income Tax Benefits | (10) | (7) |
| Change in Non Current Employee Entitlements | 10 | (1) |
| (Profit) / Loss on Sale of Fixed Assets | 22 | (4) |
| 1,482 | 1,280 |
Movements in Working Capital Items
| (Increase) / Decrease in Accounts Receivable | 1,362 | (1,146) |
| (Increase) / Decrease in Inventories | (151) | (140) |
| Increase / (Decrease) in Accounts Payable | 46 | (1,339) |
| Increase / (Decrease) in Taxation Payable | (162) | 206 |
| 1,095 | (2,419) |
| Net Cash Flows from Operating Activities | 2,233 | 1,249 |
The accompanying notes form an integral part of these financial statements.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 127
Gazette.govt.nz —
NZ Gazette 2002, No 127
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Marlborough Lines Limited Financial Statements
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