✨ Financial Statements
25 NOVEMBER 2013 NEW ZEALAND GAZETTE, No. 155 4325
TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS
CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 JUNE 2013
| LINES BUSINESS | 2013 $\text{M}$ | 2012 $\text{M}$ |
|---|
CASH FLOW FROM OPERATIONS:
Cash was provided from:
- Receipts from customers | 828.8 | 743.7 |
- Dividends received from subsidiaries | 0.8 | 3.1 |
- Interest received | - | - |
Cash was applied to:
- Payments to suppliers and employees | (208.3) | (273.3) |
- Tax payments | (31.1) | (25.2) |
- Interest paid | (192.7) | (157.8) |
Net cash inflows (outflows) from operations | 307.5 | 290.5 |
CASH FLOW FROM INVESTMENTS:
Cash was provided from:
- Sale of property, plant and equipment | 57.3 | 34.3 |
- Short term investments | - | - |
- Other investments | 2.3 | - |
Cash was applied to:
- Purchase of property, plant and equipment | (704.8) | (823.1) |
- Short term investments | - | (3.8) |
- Other investments | - | - |
Net cash inflows (outflows) from investments | (645.2) | (792.6) |
CASH FLOW FROM FINANCING:
Cash was provided from:
- Increase in loans | 764.5 | 1,420.1 |
Cash was applied to:
- Increase in long term investments | - | - |
- Dividends paid | (296.4) | (110.0) |
- Repayment of loans | (124.0) | (813.6) |
Net cash inflows (outflows) from financing | 344.1 | 496.5 |
Net increase (decrease) in cash held | 6.4 | (5.6) |
- Opening balance brought forward | (5.5) | 0.1 |
- Closing net cash carried forward | 0.8 | (5.5) |
Closing net cash carried forward comprises:
- Cash and cash equivalents - asset | 1.3 | 0.9 |
- Cash and cash equivalents - liability | (0.4) | (6.4) |
RECONCILIATION OF NET PROFIT (LOSS) WITH NET CASH FLOW FROM OPERATIONS
| 2013 $\text{M}$ | 2012 $\text{M}$ |
|---|
Net profit (loss) | 185.1 | 57.2 |
Add (deduct) non-cash items:
- Change in fair value of financial instruments | (0.2) | 121.8 |
- Depreciation and amortisation | 177.4 | 156.9 |
- Deferred tax | (50.6) | 2.5 |
- Impairment | 3.5 | 3.9 |
Movements in working capital items:
- (Increase) decrease in trade and other receivables | (44.7) | (0.8) |
- Decrease (increase) in prepayments | 5.1 | (7.0) |
- (Increase) decrease in stocks of materials | (1.2) | 0.4 |
- (Decrease) increase in trade and other payables, interest payable and deferred income | (11.6) | 23.1 |
- (Decrease) increase in taxation payable | 3.1 | (2.4) |
- (Decrease) increase in provisions | (4.3) | (4.8) |
Add (deduct) items classified as investing activities:
- Property, plant and equipment write-offs and loss on sale | 16.6 | 12.1 |
- Capitalised interest | (61.7) | (72.4) |
Net cash flow from operations | 307.5 | 290.5 |
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NZ Gazette 2013, No 155
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Transpower New Zealand Limited Cash Flow Statement
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