New Zealand Gazette – 2006 – No. 149

Page 4305

✨ Financial Statements



TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 JUNE 2006

LINES BUSINESS LINES BUSINESS
2006
$000
2005
$000

CASH FLOW FROM OPERATIONS

Cash was provided from:

  • Receipts from customers: 503,885 (2005: 517,487)
  • Interest received: 35,021 (2005: 33,933)

Cash was applied to:

  • Payments to suppliers and employees: (166,076) (2005: (190,482))
  • Tax payments: (48,426) (2005: (49,676))
  • Interest paid: (100,540) (2005: (104,668))

Net cash inflows from operations: 223,864 (2005: 206,594)

CASH FLOW FROM INVESTMENTS

Cash was provided from:

  • Sale of assets: 3,514 (2005: 131)
  • Short term investments: 421,574 (2005: 710,079)

Cash was applied to:

  • Purchase of fixed assets: (225,387) (2005: (99,876))
  • Short term investments: (421,574) (2005: (710,069))

Net cash outflows from investments: (221,873) (2005: (99,735))

CASH FLOW FROM FINANCING

Cash was provided from:

  • Increase in loans: 889,526 (2005: 747,796)

Cash was applied to:

  • Dividends paid: (3,414) (2005: (37,927))
  • Repayment of loans: (894,099) (2005: (815,428))

Net cash outflows from financing: (7,987) (2005: (105,559))

Net increase/(decrease) in cash held: 1,004 (2005: 362)

Opening balance brought forward: 1,084 (2005: 722)

Closing net cash carried forward: 2,088 (2005: 1,084)

Closing net cash carried forward comprises:

  • Cash and bank: 2,088 (2005: 1,084)
  • Bank overdraft: -

These statements are to be read in conjunction with the accompanying notes.

RECONCILIATION OF "OPERATING SURPLUS AFTER TAX" WITH "NET CASH FLOW FROM OPERATIONS"

LINES BUSINESS LINES BUSINESS
2006
$000
2005
$000

Operating surplus after tax: 83,879 (2005: 90,759)

Add/(deduct) non-cash items:

  • Depreciation: 117,639 (2005: 114,401)
  • Capitalised interest: (6,239) (2005: (3,262))

Movements in working capital items:

  • Decrease/(increase) in trade and other receivables: (9,464) (2005: 3,322)
  • Decrease/(increase) in prepayments: 515 (2005: (74))
  • Decrease/(increase) in stocks of materials: 1,813 (2005: 4,032)
  • (Decrease)/increase in trade and other liabilities, interest payable and deferred income: 20,710 (2005: (2,043))
  • (Decrease)/increase in taxation payable: (3,840) (2005: (5,686))
  • Increase/(decrease) in provisions: 9,489 (2005: 5,716)

Add/(deduct) items classified as investing activities:

  • Fixed asset write-offs and loss on sale: 9,422 (2005: 5,861)

Net Cash Flow from Operations: 223,864 (2005: 206,594)

These statements are to be read in conjunction with the accompanying notes.



Next Page →



Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2006, No 149


Gazette.govt.nz — PDF NZ Gazette 2006, No 149




✨ LLM interpretation of page content

🏭 Statement of Cash Flows for Transpower New Zealand Limited Lines Business (continued from previous page)

🏭 Trade, Customs & Industry
22 November 2006
Cash Flows, Financial Statements, Transpower, 2006, 2005

🏭 Reconciliation of Operating Surplus After Tax with Net Cash Flow from Operations

🏭 Trade, Customs & Industry
22 November 2006
Financial Reconciliation, Operating Surplus, Cash Flow, Transpower, 2006, 2005