New Zealand Gazette – 2012 – No. 140

Page 4077

✨ Financial Statements



23 NOVEMBER 2012 NEW ZEALAND GAZETTE, No. 140 4077

TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS

CASH FLOW STATEMENT

FOR THE YEAR ENDED 30 JUNE 2012

LINES BUSINESS 2012 $M 2011 $M

CASH FLOW FROM OPERATIONS:

Cash was provided from:

  • Receipts from customers 743.7 662.5
  • Dividends received from subsidiaries 3.1 0.3
  • Interest received - -

Cash was applied to:

  • Payments to suppliers and employees (273.3) (276.4)
  • Tax payments (25.2) (23.4)
  • Interest paid (157.8) (120.2)

Net cash inflows (outflows) from operations 290.5 242.8

CASH FLOW FROM INVESTMENTS:

Cash was provided from:

  • Sale of property, plant and equipment 34.3 25.4
  • Short term investments 437.1 -

Cash was applied to:

  • Purchase of property, plant and equipment (823.1) (650.3)
  • Short term investments - (436.4)
  • Other investments (3.8) -

Net cash inflows (outflows) from investments (792.6) (624.2)

CASH FLOW FROM FINANCING:

Cash was provided from:

  • Increase in loans 1,420.1 1,171.9

Cash was applied to:

  • Increase in long term investments - -
  • Dividends paid (110.0) -
  • Repayment of loans (813.6) (810.8)

Net cash inflows (outflows) from financing 496.5 361.1
Net increase (decrease) in cash held (5.6) (20.3)

  • Opening balance brought forward 0.1 20.4
  • Closing net cash carried forward (5.5) 0.1

Closing net cash carried forward comprises:

  • Cash and cash equivalents - asset 0.9 0.1
  • Cash and cash equivalents - liability (6.4) -

RECONCILIATION OF NET PROFIT (LOSS) WITH NET CASH FLOW FROM OPERATIONS

2012 $M 2011 $M

Net profit (loss) 57.2 48.7

Add (deduct) non-cash items:

  • Change in fair value of financial instruments 121.8 74.9
  • Unpaid insurance claim revenue (3.5) -
  • Depreciation and amortisation 156.9 154.9
  • Deferred tax 2.5 (0.3)
  • Impairment 3.9 19.7
  • Imputed interest 2.4 2.4

Movements in working capital items:

  • (Increase) decrease in trade and other receivables (0.8) (13.2)
  • Decrease (increase) in prepayments (7.0) (2.0)
  • (Increase) decrease in stocks of materials 0.4 (1.0)
  • (Decrease) increase in trade and other payables, interest payable and deferred income 24.2 (25.6)
  • (Decrease) increase in taxation payable (2.4) 7.3
  • (Decrease) increase in provisions (4.8) 2.2

Add (deduct) items classified as investing activities:

  • Property, plant and equipment write-offs and loss on sale 12.1 12.5
  • Capitalised interest (72.4) (37.7)

Net cash flow from operations 290.5 242.8



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Online Sources for this page:

Gazette.govt.nz — PDF NZ Gazette 2012, No 140




✨ LLM interpretation of page content

🏭 Transpower New Zealand Limited Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Cash Flow, Investments, Financing, Reconciliation