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- Info
Statement of cash flows for the year ended 30 June 2008
NZ IAS 1.8(d)
NZ IAS 1.104 |
|
Note |
Council |
Group |
|
|
|
Actual
2008
$000 |
Budget
2008
$000 |
Actual
2007
$000 |
Actual
2008
$000 |
Actual
2007
$000 |
| NZ IAS 7.10 |
Cash flows from operating activities |
|
|
|
|
|
|
| NZ IAS 7.14 |
Receipts from rates revenue |
|
17,624 |
15,985 |
15,338 |
17,616 |
16,333 |
| NZ IAS 7.31 |
Interest received |
|
753 |
541 |
541 |
643 |
541 |
| NZ IAS 7.31 |
Dividends received |
|
180 |
160 |
160 |
116 |
96 |
| NZ IAS 7.14 |
Receipts from other revenue |
|
7,555 |
10,299 |
8,153 |
9,724 |
7,841 |
| NZ IAS 7.14 |
Payments to suppliers and employees10 |
|
(21,017) |
(22,246) |
(22,696) |
(21,841) |
(23,080) |
| NZ IAS 7.31 |
Interest paid |
|
(2,548) |
(2,389) |
(2,399) |
(3,042) |
(2,389) |
NZ IFRS 4 D
17.6.1(b) |
Payments for ACC Partnership Programme |
|
(152) |
(136) |
(145) |
(152) |
(145) |
| NZ IAS 7.35 |
Income tax paid |
|
0 |
0 |
0 |
(90) |
(71) |
| |
Goods and services tax (net) |
|
(95) |
(61) |
50 |
(78) |
65 |
| |
Net cash from operating activities |
27 |
2,300 |
2,153 |
(998) |
2,896 |
(809) |
| |
|
|
|
|
|
|
|
| NZ IAS 7.10,16 |
Cash flows from investing activities |
|
|
|
|
|
|
| NZ IAS 7.16(b) |
Receipts from sale of property, plant and equipment |
|
1,479 |
571 |
2,173 |
1,479 |
2,173 |
| NZ IAS 7.16(f) |
Receipts from sale of investments |
|
11,645 |
10,443 |
9,647 |
11,721 |
9,697 |
| NZ IAS 7.16(a) |
Purchase of property, plant and equipment11 |
|
(6,025) |
(6,610) |
(2,368) |
(6,215) |
(2,531) |
| NZ IAS 7.16(a) |
Purchase of intangible assets |
|
(256) |
(232) |
0 |
(256) |
0 |
| NZ IAS 7.16(a) |
Purchase of investment property |
|
(1,026) |
0 |
0 |
(1,026) |
0 |
| NZ IAS 7.16(e) |
Acquisition of investments |
|
(12,857) |
(9,683) |
(9,797) |
(12,987) |
(9,847) |
| |
Net cash from investing activities |
|
(7,040) |
(5,511) |
(345) |
(7,284) |
(508) |
| |
|
|
|
|
|
|
|
| NZ IAS 7.10,17 |
Cash flows from financing activities |
|
|
|
|
|
|
| NZ IAS 7.17(c) |
Proceeds from borrowings |
|
5,078 |
2,950 |
2,950 |
5,078 |
2,950 |
| NZ IAS 7.17(d) |
Repayment of borrowings |
|
(2,895) |
(717) |
(1,922) |
(2,879) |
(1,906) |
| NZ IAS 7.17(e) |
Payments of finance leases |
|
(28) |
(28) |
(28) |
(28) |
(28) |
| NZ IAS 7.31 |
Dividends paid |
|
0 |
0 |
0 |
(16) |
(16) |
| |
Net cash from financing activities |
|
2,155 |
2,205 |
1,000 |
2,155 |
1,000 |
| |
|
|
|
|
|
|
|
| |
Net (decrease)/increase in cash, cash equivalents and bank overdrafts
|
|
(2,585) |
(1,153) |
(343) |
(2,233) |
(317) |
| |
Cash, cash equivalents and bank overdrafts at the beginning of the year |
|
751 |
478 |
1,094 |
3,818 |
4,135 |
| |
Cash, cash equivalents and bank overdrafts at the end of the year |
10 |
(1,834) |
(675) |
751 |
1,585 |
3,818 |
| |
|
|
|
|
|
|
|
| NZ IAS 7 NZ 24.1 |
The GST (net) component of operating activities reflects the net GST paid and received with the Inland Revenue Department. The GST (net) component has been presented on a net basis, as the gross amounts do not provide meaningful information for financial statement purposes. |
| NZ IAS 7.43 |
During the period, TMDC acquired property, plant and equipment totalling $0 (2007 $81,000) by means of finance leases. |
| |
The accompanying notes form part of these financial statements. |
10: Councils can elect to present separately cash outflows for payments to suppliers and cash outflows for payments to employees.
11: We consider it good practice to separately disclose cash flows arising from the acquisition and disposal of property, plant and equipment and intangible assets. Separating these cash flows will provide readers of the financial statements a clearer linkage between the property, plant and equipment and intangible asset movement schedules and cash flows arising from acquisitions and disposals.
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