New Zealand Gazette – 2003 – No. 135

Page 3642

✨ Financial Statements



STATEMENT OF CASH FLOWS

For the Year Ended 31 March 2003

Notes 2003
$000
2002
$000

Cash Flows from Operating Activities

Cash Was Provided From:

  • Receipts from customers: 25,196 (16,685)

  • Interest Received: 255 (310)

    Total Provided: 25,451 (16,995)

Cash was applied to:

  • Payments to Suppliers, Employees and Customers: (18,053) (14,726)

  • Income Tax Paid: (381) (12)

  • Interest Paid: (1,161) (24)

    Total Applied: (19,595) (14,762)

Net Cash Flows from Operating Activities: 5,856 (2,233)

Cash Flows from Investing Activities

Cash was provided from:

  • Proceeds From Sale of Fixed Assets: 27 (3)

Cash was Applied To:

  • Purchase of Share in Joint Venture: -

  • Purchase of Fixed Assets: (113,561) (3,153)

    Total Applied: (113,561) (3,153)

Net Cash Flows from Investing Activities: (113,534) (3,150)

Cash Flows from Financing Activities

Cash was provided from:

  • External Loan: 23,000 -

  • Contributions from Owners including Minority Interests: 81,400 -

    Total Provided: 104,400 -

Cash Was Applied to:

  • Payment of Dividend to Minority: (1,420) (100)

Net Cash Flows from Financing Activities: 102,980 (100)

Net Decrease in Cash Held: (4,698) (1,017)

Cash at Beginning of Year: 4,641 (5,658)
Cash at End of Year: (57) 4,641

Cash Comprises

  • Cash and Bank Balances: (97) 4,641

  • Short Term Investments: 40 -

    Total: (57) 4,641

Reconciliation of Operating Surplus after Taxation with Cash Flows from Operating Activities

Operating Surplus after Taxation: 1,344 (344)

Non Cash Items

  • Depreciation: 4,196 (1,460)
  • Amortisation: 567 -
  • Change in Future Income Tax Benefits: 510 (10)
  • Change in Non Current Employee Entitlements: 50 (10)
  • (Profit) / Loss on Sale of Fixed Assets: (14) (22)

Movements in Working Capital Items

  • (Increase) / Decrease in Accounts Receivable: (1,480) 1,362

  • (Increase) in Inventories: (27) (151)

  • Increase in Accounts Payable: 848 (46)

  • (Decrease) in Taxation Payable: (138) (162)

    Total: (797) 1,095

Net Cash Flows from Operating Activities: 5,856 (2,233)

The accompanying notes form an integral part of these financial statements.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 135


Gazette.govt.nz — PDF NZ Gazette 2003, No 135




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🏗️ Marlborough Lines Limited Financial Statements (continued from previous page)

🏗️ Infrastructure & Public Works
Financial Statements, Operating Revenue, Operating Expenditure, Electricity, Information Disclosure, Marlborough Lines Limited