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New Zealand Gazette – 2005 – No. 118

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✨ Financial Statements Continuation

5 AUGUST 2005

NEW ZEALAND GAZETTE, No. 118

2859

Other Related Parties

West Coast Electric Power Trust

The Trust holds 100% of the shares in Westpower.
The following transactions occurred between Westpower and the Trust:

| | 2005
$000's | 2004
$000's |
|------------------------------|-------------|-------------|
| Amounts receivable from WCEPT | 0 | 0 |
| Dividends paid to the Trust | 156 | 156 |

Directors Interests

2005

$000's | 2004
$000's

Hugh Little - Operations Manager – Westland Milk Products Ltd

Owner/Director - Stations Restaurant, Bar & Accommodation

| | 2005
$000's | 2004
$000's |
|------------------------------|-------------|-------------|
| Services received from the group | 266 | 35 |
| Services provided to the group | 0 | 0 |

Sue Merriman - Managing Director - Marshall and Heaphy Ltd

| | 2005
$000's | 2004
$000's |
|------------------------------|-------------|-------------|
| Services received from the group | 12 | 10 |
| Services provided to the group | 0 | 0 |

No related party debts have been written off or forgiven during the year.

Note 11. Cash Flows

Reconciliation of Net Cash Flows from Operating Activities

| | 2005
$000's | 2004
$000's |
|--------------------------------------|-------------|-------------|
| Net surplus After Income Tax | 2,972 | 2,640 |
| Plus Non Cash Items: | | |
| Depreciation | 1,953 | 1,714 |
| Vested Assets | (664) | (335) |
| | 1,289 | 1,379 |

| Movements in Working Capital: | | |
| Decrease in Debtors | (288) | 582 |
| Increase in Creditors, Accrued Interest| (491) | 169 |
| Working Capital Transferred from Other Business | 0 | 0 |
| Increase in Income Tax Refund | 222 | (246) |
| | (557) | 505 |

| Operating Cashflow | 4,256 | 4,725 |

VUW Te Waharoa — NZ Gazette 2005, No 118

Gazette.govt.nz — NZ Gazette 2005, No 118

The General Assembly Library (on the right) was completed in 1899 and survived the 1907 fire. Now the oldest remaining original Parliament building, still used as the Parliamentary Library.

✨ LLM interpretation of page content

🏭 Westpower Limited Notes to Financial Statements (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Related Parties, Directors Interests, Cash Flows, Westpower Limited, West Coast Electric Power Trust
👱🏽 Names

Hugh Little, Operations Manager – Westland Milk Products Ltd, Owner/Director - Stations Restaurant, Bar & Accommodation
Sue Merriman, Managing Director - Marshall and Heaphy Ltd

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