Reconciliation of Net Surplus to Net Cash Flow from Operating Activities for the Year Ended 30 June 2002
| | 2002
Actual | | 2001
Actual | |
|---|
| | $000 | $000 | $000 | $000 |
| Net surplus from Statement of Financial Performance | | 4,249 | | 7,417 |
| Add (less) non-cash items: | | | | |
| Depreciation | 4,803 | | 4,421 | |
| Fixed asset write-offs | - | | 246 | |
| Fixed asset revaluation loss | - | | 120 | |
| Bad debts written off | 41 | | 56 | |
| Decrease in provision for doubtful debts | - | | (4) | |
| Decrease in non-current employee entitlements | 30 | | (183) | |
| | | 4,874 | | 4,656 |
| Add (less) movements in working capital items: | | | | |
| Increase in inventories | (35) | | (9) | |
| Decrease/(increase) in debtors and receivables | 501 | | (938) | |
| Decrease/(increase) in debtor Crown | 9 | | (319) | |
| Decrease/(increase) in prepayments | (11) | | 140 | |
| Increase/(decrease) in creditors and payables | (2,292) | | 2,126 | |
| Increase/(decrease) in unearned income | 187 | | (54) | |
| Increase in current employee entitlements | 302 | | 303 | |
| | | (1,339) | | 1,249 |
| Add (less) items classified as investing activities: | | | | |
| Net gain on sale of fixed assets | | (4) | | (6) |
| Net Cash Flows from Operating Activities | | 7,780 | | 13,316 |
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