Reconciliation of Net Surplus to Net Cash Flow from Operating Activities for the Year Ended 30 June 2001
| | 2001
Actual | | 2000
Actual | |
|---|
| | $000 | $000 | $000 | $000 |
| Net surplus from Statement of Financial Performance | | 7,417 | | 6,591 |
| Add (less) non-cash items: | | | | |
| Depreciation | 4,421 | | 4,712 | |
| Fixed asset write-offs | 246 | | 72 | |
| Fixed asset revaluation loss | 120 | | - | |
| Bad debts written off | 56 | | 376 | |
| Decrease in provision for doubtful debts | (4) | | (108) | |
| Decrease in non-current employee entitlements | (183) | | 34 | |
| | | 4,656 | | 5,086 |
| Add (less) movements in working capital items: | | | | |
| Increase in inventories | (9) | | (10) | |
| Increase in debtors and receivables | 396 | | (651) | |
| Increase in debtor Crown | (319) | | (982) | |
| Decrease/ (Increase) in prepayments | 140 | | (111) | |
| Increase in creditors and payables | 1,978 | | 88 | |
| Increase in unearned income | (1,240) | | 221 | |
| Increase in current employee entitlements | 303 | | 78 | |
| | | 1,249 | | (1,367) |
| Add (less) items classified as investing activities | | | | |
| Net gain on sale of fixed assets (Notes 3 and 6) | | (6) | | (25) |
| Net Cash Flows from Operating Activities | | 13,316 | | 10,285 |
This statement is to be read in conjunction with the Statement of Accounting Policies and Notes to the Financial Statements.
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