✨ Financial Statement
ELECTRICITY ASHBURTON LIMITED – LINES BUSINESS
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2004
| Note | 2004
$ | 2003
$ |
|------|-----------|-----------|
CASH FLOWS FROM OPERATING ACTIVITIES:
Cash was Provided from:
Receipts from Customers | 18,837,462 | 16,739,814 |
Interest | 10,435 | 5,413 |
| 18,847,897 | 16,745,227 |
Cash was Disbursed for:
Payment to Suppliers & Employees | (7,991,480) | (10,580,228) |
Interest Paid | (1,016,029) | (866,118) |
Net G S T Movement | 48,018 | 203,110 |
Taxation Expenses | (275,006) | (40,411) |
| (9,234,497) | (11,283,647) |
Net Cash Flows from Operating Activities | 9,613,400 | 5,461,580 |
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash was Provided from:
Sale of Fixed Assets | 1,997,588 | 21,890 |
| 1,997,588 | 21,890 |
Cash was Applied to:
Distribution System Improvements | (6,621,716) | (11,035,170) |
Other Fixed Asset Additions | (518,796) | (682,931) |
| (7,140,512) | (11,718,101) |
Net Cash Flows Used in Investing Activities | (5,142,924) | (11,696,211) |
CASH FLOWS FROM FINANCING ACTIVITIES:
Cash was Provided from:
Contribution from Owners | 34,300 | 13,000 |
Loan Received | 0 | 5,750,000 |
| 34,300 | 5,763,000 |
Cash was Applied to:
Industry & Loan Repayments | (3,500,000) | 0 |
Dividend | 0 | 0 |
| (3,500,000) | 0 |
Net Cash Flows From Financing Activities | (3,465,700) | 5,763,000 |
NET INCREASE (DECREASE) IN CASH HELD | 1,004,996 | (471,631) |
Opening Cash Brought Forward | (2,769,858) | (2,298,227) |
Ending Cash Carried Forward | (1,765,082) | (2,769,858) |
REPRESENTED BY:
Bank Account | $(1,765,082) | $(2,769,858) |
The accompanying notes form part of these financial statements
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 19
Gazette.govt.nz —
NZ Gazette 2005, No 19
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Electricity Ashburton Ltd Statement of Cash Flows
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🏭 Trade, Customs & Industry22 December 2004
Electricity, Cash Flows, Financial Statement, Ashburton