New Zealand Gazette – 2005 – No. 27

Page 636

✨ Financial Statement



Vector Limited

Electricity Lines Business

Statement of Cash Flows

For the year ended 31 March 2004

Notes 2004 $000 2003 $000

Operating activities

Cash provided from:

  • Receipts from customers 512,294 370,547

  • Interest received on deposits 411 11,495

  • Income tax refund received 1,382 -

    Total cash provided 514,087 382,042

Cash applied to:

  • Payments to suppliers and employees 206,469 192,487

  • Income tax paid 11,200 16,839

  • Interest paid 107,383 59,435

    Total cash applied 325,052 268,761

Net cash from operating activities 189,035 113,281

Investing activities

Cash provided from:

  • Proceeds from sale of Eastern electricity lines business - 777,503

  • Proceeds from sale of other property, plant and equipment 250 1,706

    Total cash provided 250 779,209

Cash applied to:

  • Purchase and construction of property, plant and equipment 96,871 62,205

  • Acquisition of UnitedNetworks Limited 24 - 1,433,582

    Total cash applied 96,871 1,495,787

Net cash used in investing activities (96,621) (716,578)

Financing activities

Cash provided from / (applied to):

  • Net loan facilities* 105,900 614,133

  • Adjustment to notional share capital (167,000) -

  • Dividends paid 7 (32,200) (42,800)

    Net cash from / (used in) financing activities (93,300) 571,333

Net decrease in cash balances (886) (31,964)

Cash balances at the beginning of the year 886 32,850

Cash balances at the end of the year - 886

*Cash inflows and outflows have been netted for ease of presentation.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 27


Gazette.govt.nz — PDF NZ Gazette 2005, No 27




✨ LLM interpretation of page content

🏭 Statement of Cash Flows for Vector Limited – Electricity Lines Business (continued from previous page)

🏭 Trade, Customs & Industry
Cash Flows, Financial Statement, Operating Activities, Investing Activities, Financing Activities, Vector Limited