✨ Financial Statements
NEW ZEALAND GAZETTE, No. 171
22 DECEMBER 2004
TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS
STATEMENT OF CASH FLOWS continued
FOR THE YEAR ENDED 30 JUNE 2004
RECONCILIATION OF "OPERATING SURPLUS AFTER TAX" WITH "NET CASH FLOW FROM OPERATIONS"
| LINES BUSINESS 2004 | LINES BUSINESS 2003 | |
|---|---|---|
| $000 | $000 | |
| Operating surplus after tax | 61,309 | 18,449 |
Add/(deduct) non-cash items:
| | | |
| Depreciation | 114,409 | 81,307 |
| Infrastructure asset service potential adjustment | 5,477 | 8,345 |
| Transfer from asset revaluation reserve | — | 33,208 |
| Capitalised interest | (2,956) | (3,179) |
Movements in working capital items:
| | | |
| (Decrease)/increase in trade and other receivables | (22,976) | 1,757 |
| Decrease/(increase) in prepayments | 16,251 | (425) |
| Decrease/(increase) in stocks of materials | 223 | 891 |
| (Decrease)/increase in trade and other payables | (15,715) | 2,785 |
| (Decrease)/increase in taxation payable | 8,610 | (16,832) |
| Increase/(decrease) in provisions | 4,166 | 6,493 |
Add/(deduct) items classified as investing activities:
| | | |
| Fixed asset write-offs and loss on sale | (5,014) | 6,810 |
| Net Cash Flow from Operations | 166,933 | 144,043 |
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 2004, No 171
Gazette.govt.nz —
NZ Gazette 2004, No 171
✨ LLM interpretation of page content
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Financial Performance of Transpower New Zealand Limited Lines Business
(continued from previous page)
🏭 Trade, Customs & Industry22 December 2004
Financial Performance, Cash Flows, Revenue, Expenditure