✨ Financial Statements
Vector Limited
Electricity Lines Business
Statement of Cash Flows
For the year ended 31 March 2005
| Note | 2005
$'000 | 2004
$'000 |
|------|---------------|---------------|
Operating activities
Cash provided from:
Receipts from customers | 541,874 | 512,294 |
Interest received on deposits | 1,254 | 411 |
Income tax refund received | - | 1,382 |
| 543,128 | 514,087 |
Cash applied to:
Payments to suppliers and employees | (230,751) | (206,469) |
Income tax paid | (19,814) | (11,200) |
Interest paid | (112,211) | (107,383) |
| (362,776) | (325,052) |
Net cash from operating activities | 180,352 | 189,035 |
Investing activities
Cash provided from:
Proceeds from sale of property held for resale | 9,525 | - |
Proceeds from sale of property, plant and equipment | 101 | 250 |
Refund of security deposits | 237 | - |
| 9,863 | 250 |
Cash applied to:
Purchase and construction of property, plant and equipment | (86,997) | (96,871) |
| (86,997) | (96,871) |
Net cash used in investing activities | (77,134) | (96,621) |
Financing activities
Cash provided from/(applied to):
Net loan facilities* | (50,270) | 105,900 |
Adjustment to notional share capital | - | (167,000) |
Increase in capitalised finance costs | (2,609) | - |
Dividends paid | 8 | (49,100) | (32,200) |
Net cash used in financing activities | (101,979) | (93,300) |
Net increase/(decrease) in cash balances | 1,239 | (886) |
Cash balances at beginning of the year | - | 886 |
Cash balances at end of the year | 1,239 | - |
*Cash inflows and outflows have been netted for ease of presentation.
LexisNexis
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 147
Gazette.govt.nz —
NZ Gazette 2005, No 147
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Vector Limited's Financial Position
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