Reconciliation of Net Surplus to Net Cash Flow from Operating Activities for the Year Ended 30 June 2003
| 2003
Actual | 2002
Actual |
| $000 | $000 | $000 | $000 |
| Net surplus from Statement of | | | | |
| Financial Performance | | 2,774 | | 4,249 |
| Add (less) non-cash items: | | | | |
| Depreciation | 4,951 | | 4,803 | |
| Fixed asset write-offs | 14 | | -- | |
| Bad debts written off | 45 | | 41 | |
| Increase/(decrease) in provision for doubtful debts | (161) | | -- | |
| Increase/(decrease) in non-current | | | | |
| employee entitlements | (1) | | 30 | |
| | 4,848 | | 4,874 |
| Add (less) movements in working capital items: | | | | |
| Decrease/(increase) in inventories | (25) | | (35) | |
| Decrease/(increase) in debtors and receivables | (170) | | 501 | |
| Decrease/(increase) in debtor Crown | 289 | | 9 | |
| Decrease/(increase) in prepayments | (141) | | (11) | |
| Increase/(decrease) in creditors and payables | 712 | | (2,292) | |
| Increase/(decrease) in unearned income | | 12 | | 187 |
| Increase/(decrease) in current employee entitlements | (498) | | 302 | |
| | | | |
| | (179) | | (1,339) |
| Add (less) items classified as investing activities | | | | |
| Net gain on sale of fixed assets | | (7) | | (4) |
| Net Cash Flows from Operating Activities | | 7,794 | | 7,780 |
This statement is to be read in conjunction with the Statement of Accounting Policies and Notes to the Financial Statements.
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