✨ Financial Statement
NEW ZEALAND GAZETTE
No. 162
TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS
STATEMENT OF CASH FLOWS continued
FOR THE YEAR ENDED 30 JUNE 2003
RECONCILIATION OF "OPERATING SURPLUS AFTER TAX" WITH "NET CASH FLOW FROM OPERATIONS"
| LINES BUSINESS | LINES BUSINESS |
|---|---|
| 2003 | 2002 |
| $000 | $000 |
Operating surplus after tax
18,449 | 137,429
Add/(deduct) non-cash items:
Depreciation | 81,307 | 83,619
Infrastructure asset service potential adjustment | 8,545 | 12,689
Transfer from asset revaluation reserve | 33,208 | (64,288)
Capitalised interest | (3,179) | (3,424)
Movements in working capital items:
Decrease/(increase) in trade and other receivables | 1,757 | 46,502
Decrease/(increase) in prepayments | (423) | (1960)
Decrease/(increase) in stocks of materials | 891 | (3,961)
(Decrease)/increase in trade and other liabilities, interest payable and deferred income | (2,785) | (1,763)
(Decrease)/increase in taxation payable | (6,832) | 27,341
Increase/(decrease) in provisions | 6,295 | (6,592)
Add/(deduct) items classified as investing activities:
Fixed asset write-offs and loss on sale | 6,810 | 7,352
Net Cash Flow from Operations | 144,043 | 233,944
These statements are to be read in conjunction with the accompanying notes.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 162
Gazette.govt.nz —
NZ Gazette 2003, No 162
✨ LLM interpretation of page content
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Transpower New Zealand Limited Lines Business Statement of Cash Flows
(continued from previous page)
🏭 Trade, Customs & Industry17 November 2003
Cash flows, Receipts, Payments, Investments, Financing, Statement of cash flows