New Zealand Gazette – 2005 – No. 147

Page 3606

✨ Financial Statements



Vector Limited

Electricity Lines Business

Statement of Cash Flows (continued)

For the year ended 31 March 2005

Reconciliation of net surplus after tax to net cash from operating activities

| | 2005
$000 | 2004
$000 |
|--------------------------|------------|------------|
| Net surplus after tax | 53,704 | 44,631 |

Non-cash items

| | 2005
$000 | 2004
$000 |
|--------------------------|------------|------------|
| Depreciation and amortisation | 92,759 | 95,991 |
| Amortisation of the mark to market adjustment | (1,957) | (2,623) |
| Amortisation of capitalised finance costs | 3,270 | 5,750 |
| Increase in deferred tax | 23,588 | 23,662 |
| | 117,660 | 122,780 |

Items classified as investing and financing activities

| | 2005
$000 | 2004
$000 |
|--------------------------|------------|------------|
| Net loss on sale of property, plant and equipment | 4,626 | 2,519 |
| Gain on sale of property held for resale | (1,143) | - |
| Capitalised costs | (2,033) | (1,817) |
| Other | - | (558) |
| | 1,450 | 144 |

Movement in working capital

| | 2005
$000 | 2004
$000 |
|--------------------------|------------|------------|
| Increase in payables and accruals | 1,323 | 980 |
| (Increase)/decrease in accounts receivable | (613) | 6,597 |
| Increase in provision for income tax | 6,828 | 13,903 |
| | 7,538 | 21,480 |

| Net cash from operating activities | 180,352 | 189,035 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 147


Gazette.govt.nz — PDF NZ Gazette 2005, No 147




✨ LLM interpretation of page content

🏭 Vector Limited's Financial Position (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Cash Flows, Liabilities, Equity, Vector Limited