New Zealand Gazette – 2006 – No. 161

Page 4691

✨ Financial Statements



1 DECEMBER 2006 NEW ZEALAND GAZETTE, No. 161 4691

| 31 March 2006 31 March 2005 |
| $000 $000 |

  1. CREDITORS, ACCRUALS AND PROVISIONS

Otago Power Services Limited 610 357
Other Trade Creditors & Accruals 733 852
GST Payable 101 46

Total Creditors, Accruals and Provisions 1,444 1,255

  1. RECONCILIATION OF NET SURPLUS AFTER TAXATION WITH CASH FLOWS FROM OPERATING ACTIVITIES

Net Surplus After Taxation 5,503 2,750

Plus/(Less) Non Cash Items:
Depreciation 3,539 3,457
Amortisation of Goodwill 757 757

                            4,296       4,214

Plus/(Less) Items Classified as Investing:
Loss on Disposal of Property, Plant and Equipment 123 -

                            123     -

Plus/(Less) Movements in Working Capital:
(Increase)/Decrease in Receivables and Prepayments (376) (333)
(Increase)/Decrease in Accounts Payable and Provisions 189 117

                            (187)       (216)

Net Cash Flows from Operating Activities 9,735 6,748

  1. COMMITMENTS

No contractual commitments exist at 31 March 2006 (2005: Nil).

  1. CONTINGENT LIABILITIES

OtagoNet Joint Venture has no contingent liabilities as at 31 March 2006 (2005: Nil).

  1. OPERATING LEASE COMMITMENTS

OtagoNet Joint Venture has the following operating lease commitments for tenancy and repeater sites payable as follows:

| Not later than one year 2 2 |
| Later than one year and not later than two years 1 1 |
| Later than two years and not later than five years 3 3 |
| Later than five years 2 2 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2006, No 161


Gazette.govt.nz — PDF NZ Gazette 2006, No 161




✨ LLM interpretation of page content

🏭 OtagoNet Joint Venture Lines Business Financial Statements for the Year Ended 31 March 2006 (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Electricity, Information Disclosure, OtagoNet Joint Venture, Property, Plant and Equipment, Intangibles, Goodwill, Amortisation, FRS36, NZ IFRS