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New Zealand Gazette – 2005 – No. 25

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✨ Financial Statements Notes

606 NEW ZEALAND GAZETTE, No. 25 21 JANUARY 2005

No related party debts have been written off or forgiven during the year.

Other Related Parties

West Coast Electric Power Trust

The Trust holds 100% of the shares in Westpower.
The following transactions occurred between Westpower and the Trust:

	2004 $000's	2003 $000's
Amounts receivable from WCEPT	0	0
Dividends paid to the Trust	156	156

Directors Interests

	2004 $000's	2003 $000's
Hugh Little - Operations Manager - Westland Milk Products Ltd
Services received from the group	35	3,447
Services provided to the group	0	1

	2004 $000's	2003 $000's
Sue Merriman - Managing Director - Marshall and Heaphy Ltd
Services received from the group	10	34
Services provided to the group	0	0

No related party debts have been written off or forgiven during the year.

Note 11. Cash Flows

Reconciliation of Net Cash Flows from Operating Activities

	2004 $000's	2003 $000's
Net surplus After Income Tax	2,640	5,271
Plus Non Cash Items:
Depreciation	1,714	1,617
Vested Assets	(335)	0
	1,379	1,617

| Movements in Working Capital: | | |
| Decrease in Debtors | 582 | (575) |
| Increase in Creditors, Accrued Interest | 169 | (81) |
| Working Capital Transferred from Other Business | 0 | (687) |
| Increase in Income Tax Refund | (246) | 463 |
| Other | 505 | (880) |
| Decrease in Gratuities Provision | | |
| (Gain) Loss on Disposal of Assets | 201 | 312 |

| Operating Cashflow | 4,725 | 6,320 |

VUW Te Waharoa — NZ Gazette 2005, No 25

Gazette.govt.nz — NZ Gazette 2005, No 25

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

🏭 Westpower Limited Financial Statements Notes (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Transactions, Related Parties, Directors Interests, Cash Flows, Operating Activities
👱🏽 Names

Hugh Little, Operations Manager - Westland Milk Products Ltd
Sue Merriman, Managing Director - Marshall and Heaphy Ltd

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