✨ Financial Statements
VECTOR Limited
Electricity Lines Business
Statements of Cash Flows
For the year ended 31 March 2003
| Notes | 2003 $'000 | 2002 $'000 |
|---|
Operating activities
Cash was provided from
Receipts from customers 370,547 236,584
Interest received 11,495 396
Total cash provided 382,042 236,980
Cash was applied to
Payments to suppliers and employees 192,487 93,644
Income tax paid 16,839 39,333
Interest paid 59,435 9,387
Total cash applied 268,761 142,364
Net cash inflow from operating activities 113,281 94,616
Investing activities
Cash was provided from
Proceeds from sale of Eastern electricity lines business 22 777,503 -
Proceeds from sale of property, plant and equipment 1,706 4,938
Total cash provided 779,209 4,938
Cash was applied to
Purchase and construction of property, plant and equipment 62,205 34,392
Purchase of UnitedNetworks Limited 22 1,433,582 -
Total cash applied 1,495,787 34,392
Net cash outflow from investing activities (716,578) (29,454)
Financing activities
Cash was provided from/(applied to)
Net loan facilities* 614,133 (15,000)
Dividends paid 6 (42,800) (48,000)
Total cash inflow/(outflow) 571,333 (63,000)
Net cash inflow/(outflow) from financing activities 571,333 (63,000)
Net increase/(decrease) in cash (31,964) 2,162
Opening cash brought forward 32,850 30,688
Ending cash carried forward 886 32,850
*Cash inflows and outflows have been netted for ease of presentation and includes proceeds from the capital bonds issue.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 133
Gazette.govt.nz —
NZ Gazette 2003, No 133
✨ LLM interpretation of page content
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Vector Limited Financial Position Statements
(continued from previous page)
🏭 Trade, Customs & Industry31 March 2003
Electricity, Financial Statements, Cash Flows, Operating Activities, Investing Activities, Financing Activities, Receipts, Payments, Dividends, Loans