✨ Financial Statements
29 NOVEMBER 2010 NEW ZEALAND GAZETTE, No. 159 3993
TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS
CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 JUNE 2010
| LINES BUSINESS | 2010
$'000 | 2009
$'000 |
| --- | --- |
CASH FLOW FROM OPERATIONS:
Cash was provided from:
Receipts from customers 636,736 595,889
Dividends received from subsidiaries 1,538 5,579
Interest received
Cash was applied to:
Payments to suppliers and employees (229,330) (257,628)
Tax payments (35,621) (14,121)
Interest paid (104,304) (87,402)
Net cash inflows (outflows) from operations 269,019 242,317
CASH FLOW FROM INVESTMENTS:
Cash was provided from:
Sale of property, plant and equipment 5,265 4,794
Short term investments 500,154 1,045,730
Cash was applied to:
Purchase of property, plant and equipment (552,406) (316,674)
Short term investments (477,262) (969,733)
Net cash inflows (outflows) from investments (524,249) (235,883)
CASH FLOW FROM FINANCING:
Cash was provided from:
Increase in loans 1,022,028 474,528
Cash was applied to:
Increase in long term investments - -
Dividends paid (782,811) (447,471)
Repayment of loans - -
Net cash inflows (outflows) from financing 239,217 27,057
Net increase (decrease) in cash held (16,013) 33,492
Opening balance brought forward 36,402 2,910
Closing net cash carried forward 20,389 36,402
Closing net cash carried forward comprises:
Cash and bank 20,389 36,402
Reconciliation of net profit (loss) with net cash flow from operations
| | 2010
$'000 | 2009
$'000 |
| --- | --- |
Net profit (loss) 29,745 80,835
Add (deduct) non-cash items:
Change in fair value of financial instruments 112,298 61,245
Unpaid insurance claim revenue (3,250) -
Depreciation and amortisation 133,622 130,971
Deferred tax (4,374) (17,006)
Impairment 30,043 1
Imputed interest 2,634 2,549
Movements in working capital items:
(Increase) in trade and other receivables 1,322 (26,417)
Decrease (increase) in prepayments 1,551 (2,618)
(Increase) in stocks of materials (3,925) (3,219)
(Decrease) increase in trade and other payables, interest payable and deferred income 13,020 5,394
(Decrease) increase in taxation payable (18,990) 21,473
(Decrease) in provisions (443) (2,957)
Add (deduct) items classified as investing activities:
Property, plant and equipment write-offs and loss on sale 5,414 7,191
Capitalised interest (29,648) (15,125)
Net cash flow from operations 269,019 242,317
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NZ Gazette 2010, No 159
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Transpower New Zealand Limited Financial Statements
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🏭 Trade, Customs & Industry19 November 2010
Financial statements, Equity, Shares, Retained earnings, Profit