✨ Financial Statements
THE POWER COMPANY LIMITED LINE BUSINESS
STATEMENT OF CASHFLOWS
FOR THE YEAR ENDED 31 MARCH 2003
| Note | 31 March 2003 $
000 | 31 March 2002 $
000 |
|------|---------------------|---------------------|
CASHFLOWS FROM OPERATING ACTIVITIES
Cash was Provided From:
Receipts from Customers
22,621
21,506
Sundry Income
739
574
Interest Received
5
45
23,365
22,125
Cash was Applied To:
Payments to Suppliers
12,799
12,288
Payments to Employees
1,046
936
Taxes Paid
1,400
1,800
Interest Paid
390
452
15,635
15,476
Net Cash From Operating Activities
7
7,730
6,649
CASHFLOWS FROM INVESTING ACTIVITIES
Cash was Provided From:
Sale of Property, Plant and Equipment
99
15
99
15
Cash was Applied To:
Purchase of Property, Plant and Equipment
9,240
9,716
9,240
9,716
Net Cash Used in Investing Activities
(9,141)
(9,701)
CASHFLOWS FROM FINANCING ACTIVITIES
Cash was Provided From:
Term Loan
1,672
- 1,672
Cash was Applied To:
Payment of Dividends
143
103
Repayment of Term Loan
3,899
4,042
103
Net Cash From (Used in) Financing Activities
(4,042)
1,569
Net Increase/(Decrease) In Cash Held
(5,453)
(1,483)
Add Opening Cash Brought Forward
(1,413)
70
Closing Cash Carried Forward
(6,866)
(1,413)
The accompanying statement of accounting policies and notes on pages 7 to 15 form part of and should be read in conjunction with these financial statements.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 108
Gazette.govt.nz —
NZ Gazette 2003, No 108
✨ LLM interpretation of page content
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Financial Performance Statement of The Power Company Limited
(continued from previous page)
🏭 Trade, Customs & Industry6 August 2003
Financial Statements, Revenue, Expenses, Taxation, The Power Company Limited