New Zealand Gazette – 2005 – No. 140

Page 3392

✨ Financial Statements Notes



3392

NEW ZEALAND GAZETTE, No. 140

24 AUGUST 2005

Note 6 : Reconciliation of Net Surplus from Operating Activities

Net profit after tax 8,460 5,517
Items not involving cashflows depreciation 9,643 9,735
Impact of changes in working capital items
(increase)/decrease in accounts receivable 135 1,447
(increase)/decrease in inventories - -
(increase)/decrease in tax refund (114) (612)
increase/(decrease) in taxation payable - -
increase/(decrease) in accounts payable 1,637 79
increase/(decrease) in term liabilities - -
gain on sale of assets 5,800 5,974
increase/(decrease) in deferred tax liability - -
capital creditors included in accounts payable (1,605) 160
Net cash inflows/(outflows) from operating activities 23,956 22,300

Note 7 : Commitments

As 31 March 2005, capital expenditure contracted for was $900,079 (2004 : $2,197,642).

Note 8 : Contingent Liabilities

There were no contingent liabilities as at 31 March 2005 (2004 : nil).

Note 9 : Financial Instruments

Financial instruments which potentially subject the Lines Business to credit risk principally consist of cash and accounts receivable.

Credit Risk

Contracts have been entered into with various counter-parties having such credit ratings and in accordance with dollar limits as set by the board of directors.

Collateral

The Lines Business does not generally require collateral or other security to support service contracts. While the Lines Business may be subject to credit losses up to the notional value of the services or goods supplied in the event of non-performance by counter-parties, it does not expect such losses to occur.

Concentration of Credit Risk

Financial instruments which potentially subject the Lines Business to concentrations of credit risk principally consist of cash and accounts receivable.

The Lines Business places its cash and short-term investments with high credit quality financial institutions and sovereign bodies and limits the amount of credit exposure to any one financial institution.

The Lines Business has several large customers for which no collateral is required. These debtors are subject to normal on-going credit control procedures.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 140


Gazette.govt.nz — PDF NZ Gazette 2005, No 140




✨ LLM interpretation of page content

🏭 Aurora Energy Limited Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Accounting Policies, Dividends, Asset Allocation, Depreciation, Taxation

🏭 Reconciliation of Net Surplus from Operating Activities

🏭 Trade, Customs & Industry
Net Profit, Depreciation, Working Capital, Cash Flows

🏭 Capital Expenditure Commitments

🏭 Trade, Customs & Industry
Capital Expenditure, Financial Commitments

🏭 Contingent Liabilities

🏭 Trade, Customs & Industry
Contingent Liabilities, Financial Risks

🏭 Financial Instruments and Credit Risk

🏭 Trade, Customs & Industry
Financial Instruments, Credit Risk, Collateral, Credit Control