✨ Financial Statements
3650 NEW ZEALAND GAZETTE, No. 149 31 AUGUST 2005
Notes to the financial statements (continued)
For the year ended 31 March 2005
| | 2005
$'000 | 2004
$'000 |
|----------------|----------------|----------------|
| 13 Net Cash Flow from Operating Activities |
The following is a reconciliation between the surplus after taxation shown in the statement of financial performance and the net cash flow from operating activities.
| Surplus after taxation | 3,626 | 4,303 |
| Add/(less) items classified as investing/financing activities |
| Capitalised interest on constructed assets | (182) | - |
| Loss/(gain) on sale of other non current assets | 4 | 57 |
| | (178) | 57 |
| Add/(less) non-cash items |
| Depreciation | 2,979 | 3,000 |
| Decrease in future tax benefit | 941 | 878 |
| | 3,920 | 3,878 |
| Add/(less) movement in working capital |
| Decrease/(increase) in trade debtors and other receivables | (311) | 123 |
| Decrease/(increase) in inventories | 3 | 19 |
| (Decrease)/increase in trade creditors and other payables | 1,393 | (1,881) |
| | 1,085 | (1,739) |
| Net cash flow from operations | 8,453 | 6,499 |
14 Contingent Liability
At 31 March 2005, the Company has a contingent liability of $66,736 (2004 $92,289) in respect of Subdivision Developers' Rebates on sections that are reticulated but undeveloped. The individual liabilities will be brought to charge as each section is developed and line charges become payable.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 149
Gazette.govt.nz —
NZ Gazette 2005, No 149
✨ LLM interpretation of page content
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Eastland Network Limited Financial Certification
(continued from previous page)
🏭 Trade, Customs & Industry26 August 2005
Financial Statements, Net Cash Flow, Operating Activities, Contingent Liability, Surplus after Taxation, Capitalised Interest, Depreciation, Working Capital, Subdivision Developers' Rebates