New Zealand Gazette – 2008 – No. 27

Page 593

✨ Financial Statements



STATEMENT OF CASH FLOWS

For the Year Ended 31 March 2007

| Notes | 2007
($000) | 2006
($000) |
|-------|-----------|-----------|

Cash Flows from Operating Activities

Cash Was Provided From:

Receipts from customers | 23,733 | 25,318
Interest Received | 226 | 367

| | 23,959 | 25,685 |

Cash was applied to:

Payments to Suppliers, Employees and Customers | (15,370) | (14,568)
Income Tax Paid | (1,179) | (124)
Interest Paid | (1) | (1)

| | (16,550) | (14,693) |

Net Cash Flows from Operating Activities | 7,409 | 10,992 |

Cash Flows from Investing Activities

Cash was provided from:

Proceeds From Sale of Fixed Assets | 37 | -

Cash was Applied To:

Purchase of Fixed Assets | (11,538) | (12,889)

Net Cash Flows from Investing Activities | (11,501) | (12,889) |

Cash Flows from Financing Activities

Cash was provided from:

Internal Loan | 3,000 | -

Cash Was Applied to:

Payment of Dividend | (250) | (150)

Net Cash Flows from Financing Activities | 2,750 | (150) |

Net Decrease in Cash Held | (1,342) | (2,047) |

Cash at Beginning of Year | 3,273 | 5,320

Cash at End of Year | 1,931 | 3,273 |

Reconciliation of Operating Surplus after Taxation with Cash Flows from Operating Activities

Operating Surplus after Taxation | 2,947 | 4,994

Non Cash Items

Depreciation | 5,420 | 5,045
Vested Assets | (2,760) | -
Change in Deferred Tax | 941 | 633
Change in Non Current Employee Entitlements | 8 | 4
Loss on Sale of Fixed Assets | 7 | 2

| | 6,563 | 10,678 |

Movements in Working Capital Items

Decrease/(increase) in Accounts Receivable | 655 | (752)
Decrease/(increase) in Inventories | 207 | (382)
Increase in Accounts Payable | 363 | 615
(Decrease)/Increase in Taxation Payable | (378) | 832

| | 847 | 313 |

Net Cash Flows from Operating Activities | 7,410 | 10,991 |

The accompanying notes form an integral part of these financial statements.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2008, No 27


Gazette.govt.nz — PDF NZ Gazette 2008, No 27




✨ LLM interpretation of page content

🏭 Marlborough Lines Limited Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Cash Flows, Operating Activities, Investing Activities, Financing Activities, Reconciliation