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- Info
Statement of cash flows
for the year ended 30 June 2011
Model Financial Statements: Crown Service Enterprise 2010-11
NZ IAS 1.10(d)
NZ IAS 1.113 |
|
Notes |
Actual
2011
$000 |
Budget
2011
$000 |
Actual
2010
$000 |
| NZ IAS 7.10,14,18 |
Cash flows from operating activities |
|
|
|
| NZ IAS 7.14 |
Receipts from Crown |
|
508,552 |
508,468 |
498,080 |
| NZ IAS 7.31 |
Interest received |
|
5,070 |
5,200 |
4,238 |
| NZ IAS 7.14(b) |
Receipts from other revenue |
|
18,184 |
21,480 |
13,200 |
| NZ IAS 7.14(c) |
Payments to suppliers12 |
|
(53,993) |
(70,705) |
(37,563) |
| NZ IAS 7.14(d) |
Payments to employees |
|
(320,499) |
(323,813) |
(341,760) |
| NZ IAS 7.31 |
Interest paid |
|
(2,376) |
(1,478) |
(1,763) |
| NZ IAS 7.14 |
Payments for capital charge |
|
(64,160) |
(63,000) |
(52,875) |
| |
Goods and services tax (net) |
|
(99) |
(50) |
(55) |
| |
Net cash flow from operating activities |
21 |
90,679 |
76,102 |
81,502 |
| |
|
|
|
|
|
| NZ IAS 7.10,16 |
Cash flows from investing activities |
|
|
|
| NZ IAS 7.16(b) |
Receipts from sale of property, plant, and equipment |
|
9,809 |
7,000 |
694 |
| NZ IAS 7.16(f) |
Receipts from sale of investments |
|
177,483 |
185,000 |
215,000 |
| NZ IAS 7.16(a) |
Purchase of property, plant, and equipment13 |
|
(214,209) |
(206,222) |
(97,250) |
| NZ IAS 7.16(a) |
Purchase of intangible assets |
|
(8,308) |
(6,909) |
0 |
| NZ IAS 7.16(e) |
Acquisition of investments |
|
(28,000) |
(24,000) |
(202,476) |
| |
Net cash flow from investing activities |
|
(63,225) |
(45,131) |
(84,032) |
| |
|
|
|
|
|
| NZ IAS 7.10,17 |
Cash flows from financing activities |
|
|
|
| NZ IAS 7.17(a) |
Capital contribution |
20 |
1,020 |
1,020 |
75,118 |
| NZ IAS 7.17(d) |
Payments of finance leases |
|
(2,128) |
(2,200) |
(10,431) |
| NZ IAS 7.17(d) |
Repayment of loans |
|
(7,859) |
(8,749) |
(11,412) |
| |
Net cash flow from financing activities |
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(8,967) |
(9,929) |
53,275 |
| |
Net (decrease)/increase in cash and cash equivalents |
|
18,487 |
21,042 |
50,745 |
| |
Cash and cash equivalents at the beginning of the year |
|
56,591 |
54,000 |
5,846 |
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Cash and cash equivalents at the end of the year |
8 |
75,078 |
75,042 |
56,591 |
| |
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| NZ IAS 7 NZ 24.1 |
The GST (net) component of cash flows from operating activities reflects the net GST paid to and received from 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 and to be consistent with the presentation basis of the other primary financial statements. |
| NZ IAS 7.43 |
Equipment totalling $3,849,000 (2010 $nil) was acquired by means of finance leases during the year. |
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The accompanying notes form part of these financial statements. |
12: It is good practice to separately disclose cash outflows from payments to employees and cash outflows from payments to suppliers, although the amounts could be presented in aggregate.
13: It is good practice to separately disclose cash flows arising from the acquisition and disposal of property, plant, and equipment and intangible assets. Presenting these cash flows separately provides readers of the financial statements with 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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