✨ Financial Statements Notes
150 NEW ZEALAND GAZETTE, No. 7 17 JANUARY 2005
Notes to the financial statements (continued)
For the year ended 31 March 2004
| 2004 $'000 | 2003 $'000 |
|---|
14) Net Cash Flow from Operating Activities
The following is a reconciliation between the surplus after taxation shown in the statement of financial performance and the net cash flow from operating activities.
Surplus after taxation | 4,303 | 2,734 |
Add/(less) non-cash items
Depreciation | 3,000 | 3,722 |
Decrease in future tax benefit | 878 | 616 |
Loss(gain) on disposal of assets | 57 | 73 |
Overhead recovered in fixed assets | — | — |
| 3,935 | 4,411 |
Add/(less) movement in working capital
Decrease/(increase) in trade debtors and other receivables | 123 | (301) |
Decrease/(increase) in inventories | 19 | 241 |
(Decrease)/increase in trade creditors and other payables | (1,881) | (1,074) |
| (1,739) | (1,134) |
Net cash flow from operations | 6,499 | 6,011 |
15) Contingent Liability
At 31 March 2004, the Company has a contingent liability of $92,289 (2003 $92,299) in respect of Subdivision Developers' Rebates on sections that are reticulated but undeveloped. The individual liabilities will be brought to charge as each section is developed and line charges become payable.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 7
Gazette.govt.nz —
NZ Gazette 2005, No 7
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Notes to the financial statements for the year ended 31 March 2004
(continued from previous page)
💰 Finance & RevenueFinancial statements, Cash flow, Operating activities, Contingent liability, Subdivision developers' rebates