✨ Financial Statements
TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2005
| LINES BUSINESS | LINES BUSINESS |
|---|---|
| 2005 | 2004 |
| $000 | $000 |
CASH FLOW FROM OPERATIONS
Cash was provided from:
Receipts from customers 517,487 431,586
Interest received 33,933 39,238
Cash was applied to:
Payments to suppliers and employees (190,482) (172,963)
Tax payments (49,676) (18,820)
Interest paid (104,668) (112,108)
Net cash inflows from operations 206,594 166,933
CASH FLOW FROM INVESTMENTS
Cash was provided from:
Sale of assets 191 453
Short term investments 710,079 569,646
Cash was applied to:
Purchase of fixed assets (99,876) (96,596)
Short term investments (710,069) (569,138)
Net cash outflows from investments (99,675) (95,635)
CASH FLOW FROM FINANCING
Cash was provided from:
Increase in loans 747,796 958,970
Cash was applied to:
Dividends paid (37,937) (16,743)
Repayment of loans (816,428) (1,012,051)
Net cash outflows from financing (106,569) (69,824)
Net (increase)/decrease in cash held 362 (1,474)
Opening balance 722 752
Closing net cash carried forward 1,084 722
Closing net cash carried forward comprises:
Cash and bank 1,084 722
Bank overdraft
RECONCILIATION OF "OPERATING SURPLUS AFTER TAX" WITH "NET CASH FLOW FROM OPERATIONS"
| 2005 | 2004 | |
|---|---|---|
| $000 | $000 |
Operating surplus after tax 90,759 61,309
Add/(deduct) non-cash items:
Depreciation 114,401 114,409
Transfer from asset revaluation reserve - 5,477
Capitalised interest (3,262) (2,956)
Movements in working capital items:
(Decrease)/increase in trade and other receivables 8,322 (22,976)
Decrease/(increase) in prepayments (74) (825)
Decrease/(increase) in stocks of materials 4,032 223
(Decrease)/increase in trade and other liabilities, interest payable and deferred income (2,043) (15,715)
(Decrease)/increase in taxation payable (5,686) 8,610
Increase/(decrease) in provisions (5,716) 4,186
Add/(deduct) items classified as investing activities:
Fixed asset write-offs and loss on sale 5,861 15,011
Net Cash Flow from Operations 206,594 166,933
These statements are to be read in conjunction with the accompanying notes.
Next Page →
Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 200
Gazette.govt.nz —
NZ Gazette 2005, No 200
✨ LLM interpretation of page content
🏭
Statement of Cash Flows for Transpower New Zealand Limited Lines Business
(continued from previous page)
🏭 Trade, Customs & Industry28 November 2005
Cash Flows, Operations, Investments, Financing, Transpower