New Zealand Gazette – 2003 – No. 133

Page 3597

✨ Financial Statements



VECTOR Limited

Electricity Lines Business

Statements of Cash Flows – continued

Reconciliation of net surplus to net cash flows from operating activities

For the year ended 31 March 2003

| Notes | 2003
| $000 | 2002
| $000 |
|-------|------------|------------|
| Net surplus after tax | 31,522 | 62,860 |

Add/(less) non-cash items

| | | 2003
| $000 | 2002
| $000 |
|-------|------------|------------|
| Depreciation | 2 | 47,742 | 30,108 |
| Amortisation | 2 | 15,730 | - |
| Debt issue and swap costs | | 16,713 | - |
| Deferred tax | 5 | 6,419 | 17,697 |
| Total | | 86,604 | 47,805 |

Items classified as investing activities

| | 2003
| $000 | 2002
| $000 |
|-------|------------|------------|
| Loss/(gain) on sale of property, plant and equipment | (813) | (1,917) |
| Capitalised costs | (1,632) | (1,026) |
| Total | (2,445) | (2,943) |

Add/(less) movement in working capital

| | 2003
| $000 | 2002
| $000 |
|-------|------------|------------|
| Payables and accruals | (25,388) | 1,080 |
| Receivables and prepayments | 14,635 | 2,800 |
| Provision for income tax | 8,353 | (16,986) |
| Total | (2,400) | (13,106) |

| Net cash inflow from operating activities | 113,281 | 94,616 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 133


Gazette.govt.nz — PDF NZ Gazette 2003, No 133




✨ LLM interpretation of page content

🏭 Vector Limited Financial Position Statements (continued from previous page)

🏭 Trade, Customs & Industry
31 March 2003
Electricity, Financial Statements, Cash Flows, Operating Activities, Investing Activities, Financing Activities, Receipts, Payments, Dividends, Loans