New Zealand Gazette – 2006 – No. 135

Page 3897

✨ Financial Statements

WEL NETWORKS LIMITED

Statements of Cash Flows (continued)
For the year ended 31 March 2006

	Note	Line Business 2006 ((000s))	2005 ((000s))
Reconciliation of net cash flows from operating activities with surplus after taxation.

Surplus after taxation | | 10,338 | 8,306 |

Non cash items |
| Depreciation | 2 | 7,221 | 6,438 |
| Deferred tax | 4 | 3,145 | 2,217 |

Total non cash items | | 10,366 | 8,655 |

(Increase)/decrease in working capital |
| Trade Debtors | | (1,062) | (208) |
| Other current assets | | (3) | (19) |
| Trade & other creditors | | 3,535 | 4,579 |
| Customer deposits | | - | - |
| Annual and long service leave provision | | 21 | (30) |
| Provision for taxation | | 624 | (1,254) |

Net decrease/(increase) in working capital | | 3,115 | 3,068 |

Items classified as investing activities |
| Net loss/(gain) on sale of fixed assets | | 469 | 324 |

Net cash inflow from operating activities | | 24,288 | 20,353 |

VUW Te Waharoa — NZ Gazette 2006, No 135

Gazette.govt.nz — NZ Gazette 2006, No 135

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✨ LLM interpretation of page content

🏭 Certification of Financial Statements for WEL Networks Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated17 October 2006
KeywordsFinancial Certification, Electricity Information Disclosure, WEL Networks Limited

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