✨ Financial Statements
2960
NEW ZEALAND GAZETTE
No. 112
WEL NETWORKS LIMITED
Statements of Cash Flows
For the year ended 31 March 2003
| Note | Line Business 2003 ($000s) | 2002 ($000s) |
|---|---|---|
| Cash Flows From Operating Activities | ||
| Cash received from operations | ||
| Receipts from customers | 50,367 | 52,313 |
| Interest received | 114 | 1,463 |
| Total cash received from operations | 50,481 | 53,776 |
| Cash disbursed on operations | ||
| Payments to employees and suppliers | (23,686) | (21,455) |
| Interest paid | (495) | (1) |
| Income tax paid | (3,094) | (10,775) |
| Total cash disbursed on operations | (27,275) | (32,231) |
| Net cash flow from operations (refer to reconciliation below) | 23,206 | 21,545 |
| Cash Flows From Investing Activities | ||
| Cash received from investing activities | ||
| Sale of fixed assets | - | - |
| Investments maturing | - | - |
| Total cash from investing activities | - | - |
| Cash disbursed on investing activities | ||
| Investments made | - | - |
| Fixed asset purchases | (8,146) | (10,523) |
| Total cash disbursed on investing activities | (8,146) | (10,523) |
| Net cash flow applied to/(from) investing activities | (8,146) | (10,523) |
| Cash Flows From Financing Activities | ||
| Cash received from financing activities | ||
| Cash received on amalgamation with WETSL | 1,209 | - |
| Total cash received from financing activities | 1,209 | - |
| Cash disbursed on financing activities | ||
| Loans repaid | (7,488) | - |
| Dividend Paid | (10,894) | (9,658) |
| Total cash disbursed on financing activities | (18,382) | (9,658) |
| Net cash flow applied to/(from) financing activities | (17,173) | (9,658) |
| Net increase/(decrease) in cash held | (2,113) | 1,364 |
| Cash at the beginning of the year | 7,600 | 6,236 |
| Cash at the end of the year | 5,487 | 7,600 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 112
Gazette.govt.nz —
NZ Gazette 2003, No 112
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