New Zealand Gazette – 2005 – No. 132

Page 3218

✨ Financial Statements



3218 NEW ZEALAND GAZETTE, No. 132 19 AUGUST 2005

  1. Reconciliation of net surplus after taxation with net cash flow from operating activities

2005 $000's 2004 $000's
Net surplus after tax 24,498 35,453

Non cash items:
| | 2005 $000's | 2004 $000's |
|----------------|--------------|--------------|
| Depreciation | 23,761 | 21,940 |
| Deferred tax | 5,444 | 4,020 |
| Asset write offs | 1,983 | 750 |
| Subsidised assets | (2,745) | (2,771) |
| Other | 210 | 210 |

Movements in other working capital items:
| | 2005 $000's | 2004 $000's |
|----------------------------------|--------------|--------------|
| (Increase)/decrease in debtors | 691 | 505 |
| (Increase)/decrease in interest receivable | - | - |
| (Increase)/decrease in stocks | (779) | (1) |
| Increase/(decrease) in creditors | 10,325 | (1,529) |
| Increase/(decrease) in interest payable | - | 87 |
| (Increase)/decrease in tax asset | (2,255) | 799 |

Items classified as an investing activity:
| (Profit)/loss on sale of property, plant and equipment | (201) | (42) |

| Net cash inflow from operating activities | 60,932 | 59,421 |

  1. Contingent assets and liabilities

There were no material contingent assets or contingent liabilities as at 31 March 2005 or as at 31 March 2004.

  1. Commitments

At balance date, capital commitments were as follows:

2005 $000's 2004 $000's
Distribution system 3,745 6,323
Other - -

| | 3,745 | 6,323 |

At balance date, lease commitments were as follows:

Year 2005 $000's 2004 $000's
2006 58 50
2007 58 50
2008 58 50
2009 58 50
2010 and beyond 581 498


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 132


Gazette.govt.nz — PDF NZ Gazette 2005, No 132




✨ LLM interpretation of page content

💰 Reconciliation of net surplus after taxation with net cash flow from operating activities

💰 Finance & Revenue
Financial reconciliation, Net surplus, Cash flow, Depreciation, Deferred tax, Asset write-offs, Working capital, Investing activities

💰 Contingent assets and liabilities

💰 Finance & Revenue
Contingent assets, Contingent liabilities, Financial reporting

💰 Commitments

💰 Finance & Revenue
Capital commitments, Lease commitments, Financial obligations