Reconciliation of Net Surplus to Net Cash Flow from Operating Activities for the Year Ended 30 June 2004
| | 2004
Actual | 2003
Actual |
| | $000 | $000 | $000 | $000 |
| Net surplus from Statement of Financial Performance | | 6,726 | | 2,774 |
| Add (less) non-cash items: | | | | |
| Depreciation | 4,312 | | 4,951 | |
| Memorandum account funding debtor crown | 395 | | - | |
| Fixed asset write-offs | 79 | | 14 | |
| Bad debts written off | 37 | | 45 | |
| Increase/(Decrease) in provision for doubtful debts | - | | (161) | |
| Decrease in non-current employee entitlements | 97 | | (1) | |
| | | 4,920 | | 4,848 |
| Add (less) movements in working capital items: | | | | |
| Decrease/(increase) in inventories | 59 | | (25) | |
| Decrease/(increase) in debtors and receivables | (727) | | (170) | |
| Decrease/(increase) in debtor Crown | (844) | | 289 | |
| Decrease/(increase) in prepayments | (29) | | (141) | |
| Increase/(decrease) in creditors and payables | (303) | | 712 | |
| Increase/(decrease) in unearned income | (3,414) | | 12 | |
| Increase/(decrease) in current employee entitlements | 129 | | (498) | |
| | | (5,129) | | (179) |
| Add (less) items classified as investing activities | | | | |
| Net gain on sale of fixed assets | | (83) | | (7) |
| Net Cash Flows from Operating Activities | | 6,434 | | 7,794 |
This statement is to be read in conjunction with the Statement of Accounting Policies and Notes to the Financial Statements.
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