✨ Financial Statements
3434 NEW ZEALAND GAZETTE No. 127
At year end there was an outstanding balance of $763,578 (2002 $892,767) for such services.
No related party debts have been written off or forgiven during the year.
Note 11. Cash Flows
Reconciliation of Net Cash Flows from Operating Activities
| 2003 | |
|---|---|
| $'000 |
| Net surplus After Income Tax | 5,271 |
| | 2002 |
| | $'000 |
| | 2,946 |
Plus Non Cash Items:
| Depreciation | 1,617 | 1,490 |
| Writedown of Buildings | 0 | 0 |
| | 1,617 | 1,490 |
Movements in Working Capital:
| Decrease in Debtors | (575) | (107) |
| Increase in Creditors, Accrued Interest | (81) | 526 |
| Working Capital Transferred from Other Business | (687) | (687) |
| Increase in Income Tax Refund | 463 | (443) |
| | (880) | (711) |
Other
| Decrease in Gratuities Provision | 312 | 0 |
| (Gain) Loss on Disposal of Assets | | |
| | 312 | 0 |
Operating Cashflow | 6,320 | 3,725 |
Note 12. ODV Reconciliation Report
| 2003 | 2002 | |
|---|---|---|
| $'000 | $'000 |
| System fixed assets at ODV at beginning of year | 48,545 | 47,381 |
| Adjustment following Commerce Commission comprehensive audit process | 0 | 746 |
| Restated System Fixed Assets at ODV | 48,545 | 48,127 |
| Add system fixed assets acquired during the year at ODV | 9,016 | 2,201 |
| Less system fixed assets disposed of during the year at ODV | (312) | 0 |
| Less depreciation system fixed assets at ODV | (1,583) | (1,472) |
| Less revaluations of system fixed assets | (867) | (311) |
| System fixed assets at ODV at end of year | 54,799 | 48,545 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 127
Gazette.govt.nz —
NZ Gazette 2003, No 127
✨ LLM interpretation of page content
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Westpower Limited Financial Statements
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🏭 Trade, Customs & Industry29 August 2003
Financial Statements, Cash Flows, Operating Activities, Depreciation, Working Capital, ODV Reconciliation, Commerce Commission