New Zealand Gazette – 2008 – No. 50

Page 1409

✨ Financial Statements

TOP ENERGY LIMITED-LINE BUSINESS

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2007

	LINE BUSINESS
	2007	2006
	$	$

CASH COMPRISES

Cash on hand | 205 | 286 |
BNZ current account| (6,101) | 28,053 |
| (5,896) | 28,339|

RECONCILIATION OF NET PROFIT AFTER TAXATION TO CASHFLOW FROM OPERATING ACTIVITIES

Reported Net Profit/(Loss) after Taxation | 4,177,002 | 2,966,611 |
Add/(Less) items classified as investing or financing activities | - | - |
Net loss/(profit) on disposal of assets | - | - |

Add/(Less) other non-cash items:

Change in provisions:
- Depreciation | 4,603,245 | 4,475,005 |
- Provision for deferred tax | 270,065 | 242,711 |
  | 4,874,955| 4,573,222|

Add/(Less) movement in other working capital items

(Increase)/decrease in tax payable | 247,697 | (3,234) |
(Increase)/decrease in accounts receivable | 105,134 | (374,854) |
Increase/(decrease) in accounts payable | 2,424,549 | (16,723) |
| 2,777,380| (394,811)|

NET CASH FLOWS FROM OPERATING ACTIVITIES | 11,829,337 | 7,145,021 |

This statement is to be read in conjunction with the accompanying notes, accounting policies and audit report. The Financial Statements have been prepared solely for the purpose of complying with requirements 6(2) and 6(3) of the Electricity Information Disclosure Requirements 2004, and are not intended for any other purpose.

VUW Te Waharoa — NZ Gazette 2008, No 50

Gazette.govt.nz — NZ Gazette 2008, No 50

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✨ LLM interpretation of page content

🏭 Statement of Cash Flows for Top Energy Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial statements, Cash flows, Top Energy Limited, Electricity Information Disclosure Requirements

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