✨ Financial Statements Notes
2514 NEW ZEALAND GAZETTE No. 95
Notes to the financial statements (continued)
For the year ended 31 March 2003
| 2003 $'000 | 2002 $'000 |
|---|
14) Net Cash Flow from Operating Activities
The following is a reconciliation between the surplus after taxation shown in the statement of financial performance and the net cash flow from operating activities.
Surplus after taxation | 2,734 | 2,361 |
Add/(less) non-cash items | | |
Depreciation | 3,722 | 3,678 |
Decrease in future tax benefit | 616 | 2 |
Loss(gain) on disposal of assets | 73 | 264 |
Overhead recovered in fixed assets | - | (371) |
| 4,411 | 3,573 |
Add/(less) movement in working capital | | |
Decrease/(increase) in trade debtors and other receivables | (232) | (79) |
Decrease/(increase) in inventories | 241 | (265) |
(Decrease)/increase in trade creditors and other payables | (1,074) | 1,398 |
(Decrease)/increase in Income Tax receivable | (69) | 179 |
| (1,134) | 1,233 |
Net cash flow from operations | 6,011 | 7,167 |
15) Contingent Liability
At 31 March 2003, the Company has a contingent liability of $92,299 (2002 $98,549) in respect of Subdivision Developers' Rebates on sections that are reticulated but undeveloped. The individual liabilities will be brought to charge as each section is developed and line charges become payable.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 95
Gazette.govt.nz —
NZ Gazette 2003, No 95
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Notes to the financial statements
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial statements, Cash flow, Operating activities, Contingent liability, Taxation, Depreciation, Trade debtors, Inventories, Trade creditors, Income tax