✨ Financial Statements
VECTOR LIMITED
ELECTRICITY LINES BUSINESS
STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2007
RECONCILIATION OF NET SURPLUS AFTER TAX TO NET CASH
FROM OPERATING ACTIVITIES
| 2007 | 2006 | |
|---|---|---|
| $'000 | $'000 | |
| Net surplus after tax | 41,042 | 53,769 |
ITEMS CLASSIFIED AS INVESTING AND FINANCING ACTIVITIES
| Net loss/(gain) on disposal of non current assets | 9,118 | (110) |
| | 9,118 | (110) |
NON-CASH ITEMS IMPACTING NET SURPLUS
| Depreciation and amortisation | 111,501 | 94,818 |
| Amortisation of the mark to market adjustment | (836) | (1,351) |
| Amortisation of capitalised finance costs | 4,328 | 3,899 |
| Increase in deferred tax | 22,522 | 18,897 |
| Increase in provisions | 1,458 | 1,719 |
| | 138,973 | 117,982 |
MOVEMENT IN WORKING CAPITAL
| Increase in payables and accruals | 27,362 | 4,042 |
| Increase in accounts receivable | (10,661) | (3,710) |
| Decrease in provision for income tax | (881) | (2,702) |
| | 15,820 | (2,370) |
| Net cash from operating activities | 204,953 | 169,271 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 39
Gazette.govt.nz —
NZ Gazette 2008, No 39
✨ LLM interpretation of page content
🏭
Certification of Financial Statements and Performance Measures for Vector Limited
(continued from previous page)
🏭 Trade, Customs & Industry13 February 2008
Financial Certification, Performance Measures, Vector Limited, Electricity Information Disclosure Requirements 2004, Statement of Cash Flows