New Zealand Gazette – 2005 – No. 27

Page 637

✨ Financial Statement



Vector Limited

Electricity Lines Business

Statement of Cash Flows – continued

Reconciliation of net surplus after tax to net cash from operating activities

For the year ended 31 March 2004

2004 $\'000 2003 $\'000
Net surplus after tax 44,631 31,522

Non-cash items

| | | |
| Depreciation and amortisation | 95,991 | 63,472 |
| Amortisation of the mark to market adjustment | (2,623) | (2,144) |
| Amortisation of capitalised finance costs | 5,750 | 18,857 |
| Increase in deferred tax | 23,662 | 6,419 |
| Total | 122,780 | 86,604 |

Items classified as investing activities

| | | |
| Loss / (gain) on sale of property, plant and equipment | 2,519 | (813) |
| Capitalised costs | (1,817) | (1,632) |
| Other | (558) | - |
| Total | 144 | (2,445) |

Movement in working capital

| | | |
| Increase/(decrease) in payables and accruals | 980 | (25,388) |
| Increase in accounts receivable | 6,597 | 14,635 |
| Increase in provision for income tax | 13,903 | 8,353 |
| Total | 21,480 | (2,400) |

| Net cash from operating activities | 189,035 | 113,281 |



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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