New Zealand Gazette – 2003 – No. 90

Page 2322

✨ Financial Statement



HORIZON ENERGY DISTRIBUTION LIMITED - Lines Business

STATEMENT OF CASH FLOWS

For the Year Ended 31 March 2003

Lines Business 2003 $000 Lines Business 2002 $000

Cash Flow from Operating Activities

Cash was provided from:

  • Receipts from Customers | 24,014 | 23,935 |

  • Net Goods and Services Tax Received (Paid)| (18) | (29) |

  • Interest from Short Term Deposits | 181 | - |

                                          | 24,177                   | 23,906                   |

Cash was applied to:

  • Payments to Suppliers and Employees | (10,698) | (10,319) |

  • Interest Paid to non-related parties | (2,273) | (2,125) |

  • Interest Paid to "Other" business | - | (321) |

  • Income Tax Paid | (2,530) | (2,792) |

                                          | (15,501)                 | (15,557)                 |

Net Cash Inflow from Operating Activities| 8,676 | 8,349 |

Cash Flow from Investing Activities

Cash was provided from:

  • Proceeds from the Sale of Other Fixed Assets | 10 | 30 |
  • Transfer of Fixed Assets to "Other" business (note 16) | 1,774 | - |

Cash was applied to:

  • Purchases and Construction of Fixed Assets | (1,839) | (1,844) |

Net Cash Outflow to Investing Activities | (55) | (1,814) |

Cash Flow From Financing Activities

Cash was provided from:

  • Transfer of Shares from "Other" business | - | 780 |

Cash was applied to:

  • Settlement of Term Debt | (1,320) | (2,900) |
  • Dividends Paid | (5,557) | (4,998) |

Net Cash Inflow from (Outflow to) Financing Activities | (6,877) | (7,118) |

Net Movement in Cash Held

| Net Movement in Cash Held | 1,744 | (583) |
| Add Opening Cash | 157 | 740 |
| Closing Cash Carried Forward | 1,901 | 157 |

Represented by:

  • Cash at Bank | (283) | (133) |
  • Short Term Deposits | - | - |
  • Advance to "Other" business | 2,184 | 290 |

Closing Cash Carried Forward | 1,901 | 157 |



Next Page →



Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 90


Gazette.govt.nz — PDF NZ Gazette 2003, No 90




✨ LLM interpretation of page content

🏭 Financial Position of Horizon Energy Distribution Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statement, Cash Flows, Operating Activities, Investing Activities, Financing Activities, Horizon Energy