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New Zealand Gazette – 2003 – No. 112

Page 2961

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✨ Financial Statements

22 AUGUST

NEW ZEALAND GAZETTE

2961

WEL NETWORKS LIMITED

Statements of Cash Flows (continued)

For the year ended 31 March 2003

	Note	Line Business 2003 ($000s)	Line Business 2002 ($000s)

Reconciliation of net cash flows from operating activities with surplus after taxation.

		2003	2002
Surplus after taxation		12,073	16,318

Non cash items


Depreciation		6,231	6,272
Total non cash items		6,231	6,272

Increase/(decrease) in working capital


Trade Debtors	1,330	818
Other current assets	(90)	(15)
Trade & other creditors	(1,335)	(426)
Customer deposits	-	-
Annual and long service leave provision	16	(25)
Provision for taxation	4,081	(2,691)
Deferred tax	711	1,249
Net decrease/(increase) in working capital	4,713	(11,090)

Items classified as investing activities


Net loss/(gain) on sale of fixed assets		189	45

| Net cash inflow from operating activities | | 23,206 | 21,545 |

VUW Te Waharoa — NZ Gazette 2003, No 112

Gazette.govt.nz — NZ Gazette 2003, No 112

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Certification of Financial Statements for WEL Networks Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated17 June 2003
KeywordsFinancial Statements, Performance Measures, Certification, WEL Networks Limited, Electricity, Information Disclosure

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