✨ Financial Statements Continuation
208 NEW ZEALAND GAZETTE, No. 7 18 JANUARY 2008
(Notes to the Consolidated Financial Statements Continued)
| 31 March 2007 | 31 March 2006 | |
|---|---|---|
| $000 | $000 |
- CREDITORS, ACCRUALS AND PROVISIONS
Otago Power Services Limited 686 610
Other Trade Creditors & Accruals 717 733
GST Payable 46 101
Total Creditors, Accruals and Provisions 1,449 1,444
- RECONCILIATION OF NET SURPLUS AFTER TAXATION WITH CASH FLOWS FROM OPERATING ACTIVITIES
Net Surplus After Taxation 5,679 5,503
Plus/(Less) Non Cash Items:
Depreciation 4,535 3,539
Amortisation of Goodwill 757 757
5,292 4,296
Plus/(Less) Items Classified as Investing:
Loss on Disposal of Property, Plant and Equipment 33 123
Plus/(Less) Movements in Working Capital:
Decrease/(Increase) in Receivables and Prepayments 505 (376)
Decrease in Accounts Payable and Provisions 6 189
511 (187)
Net Cash Flows from Operating Activities 11,515 9,735
- CAPITAL COMMITMENTS
Capital expenditure contracted for at balance date but not provided for in the Financial Statements totals $\$2,132,000$ (2006: $\$1,233,000$).
- CONTINGENT LIABILITIES
OtagoNet Joint Venture has no contingent liabilities as at 31 March 2007 (2006: Nil).
- 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 | 3 | 2 |
| Later than one year and not later | ||
| than two years | 3 | 1 |
| Later than two years and not later | ||
| than five years | 5 | 3 |
| Later than five years | 6 | 2 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 7
Gazette.govt.nz —
NZ Gazette 2008, No 7
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OtagoNet Joint Venture Financial Statements
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