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 PDF NZ Gazette 2003, No 115


Gazette.govt.nz PDF NZ Gazette 2003, No 115





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🏭 Trade, Customs & Industry
21 August 2003
Electricity, Financial Statements, Equity, Liabilities, Assets, Powerco Limited