New Zealand Gazette – 2005 – No. 13

Page 286

✨ Financial Statements



286

NEW ZEALAND GAZETTE, No. 13

18 JANUARY 2005

POWERCO

ELECTRICITY DIVISION

Statement of Cash Flows

For the year ended 31 March 2004

CASH FLOWS FROM OPERATING ACTIVITIES

Cash was provided from:
Receipts from customers 223,271 159,044
Interest received 608 513
Net movement in GST - 2,006
Dividends received 16 -
223,879 161,563

Cash was applied to:
Payments to suppliers and employees 111,628 59,424
Interest paid 18,219 14,336
Net movement in GST 2,200 -
Payments of income tax 27,138 5,805
159,185 79,565

NET CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES
64,694 81,998

CASH FLOWS FROM INVESTING ACTIVITIES

Cash was applied to:
Purchase of property, plant and equipment 34,313 349,633

NET CASH INFLOW/(OUTFLOW) FROM INVESTING ACTIVITIES
(34,313) (349,633)

CASH FLOWS FROM FINANCING ACTIVITIES

Cash was provided from:
Issue of Credit Wrap bonds 72,815 176,981
Issue of US dollar private placement 85,853 49,212
Movement in current account (18,662) 263,468
140,006 576,276

Cash was applied to:
Commercial bank debt 301,887 13,608
Redeemable bonds 34,967 -
Capital Bonds 17,682 -
Repayment of Commercial paper 26,397 10,502
Dividends paid 42,294 30,776
423,227 54,886

NET CASH INFLOW/(OUTFLOW) FROM FINANCING ACTIVITIES
(283,221) 521,390

NET INCREASE (DECREASE) IN CASH HELD
(252,840) 253,755

Opening cash brought forward 256,787 3,032

ENDING CASH CARRIED FORWARD 3,947 256,787

The accompanying notes form part of these financial statements.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 13


Gazette.govt.nz — PDF NZ Gazette 2005, No 13




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