✨ Financial Statements
POWERCO
ELECTRICITY DIVISION
Statement of Cash Flows
For the year ended 31 March 2003
| 31 March 2003 | 31 March 2002 | |
|---|---|---|
| $000 | $000 |
CASH FLOWS FROM OPERATING ACTIVITIES
Cash was provided from:
-
Receipts from customers | 159,044 | 143,167 |
-
Interest received | 513 | 183 |
-
Net movement in GST | 2,006 | - |
-
Dividends received | | |
Total | 161,563 | 143,350 |
Cash was applied to:
-
Payments to suppliers and employees | 59,424 | 62,912 |
-
Interest paid | 14,336 | 11,990 |
-
Net movement in GST | 5,805 | (67) |
-
Payments of income tax | | 3,411 |
Total | 79,565 | 78,246 |
NET CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES | 81,998 | 65,104 |
CASH FLOWS FROM INVESTING ACTIVITIES
Cash was provided from:
-
Disposal of property, plant and equipment | - | 17,043 |
Total | — | 17,043 |
Cash was applied to:
-
Purchase of short term investments | 349,633 | 24,494 |
-
Purchase of property, plant and equipment | | |
Total | 349,633 | 24,494 |
NET CASH INFLOW/(OUTFLOW) FROM INVESTING ACTIVITIES | (349,633) | (7,451) |
CASH FLOWS FROM FINANCING ACTIVITIES
Cash was provided from:
-
Issue of Ordinary Shares | 176,981 | — |
-
Issue of Capital Bonds | 49,212 | — |
-
Commercial Bank Debt | 283,468 | — |
-
Redeemable Bonds | 86,615 | — |
Total | 576,276 | — |
Cash was applied to:
-
Current account movement | 13,608 | 27,758 |
-
Bonds | — | 20,148 |
-
Repayment of Commercial paper| 10,502 | 7,850 |
-
Dividends paid | 30,776 | 26,282 |
Total | 54,886 | 82,038 |
NET CASH INFLOW/(OUTFLOW) FROM FINANCING ACTIVITIES | 521,390 | (82,038) |
NET INCREASE (DECREASE) IN CASH HELD | 253,755 | (24,385) |
Opening cash brought forward | 3,032 | 27,417 |
ENDING CASH CARRIED FORWARD | 256,787 | 3,032 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 115
Gazette.govt.nz —
NZ Gazette 2003, No 115
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Powerco Limited Financial Statements
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Electricity, Financial Statements, Equity, Liabilities, Assets, Powerco Limited