Reconciliation of Net Surplus to Net Cash Flow from Operating Activities for the Year Ended 30 June 2007
|
2007
Actual |
2006
Actual |
|
$000 |
$000 |
$000 |
$000 |
| Net deficit from Statement of Financial Performance |
|
(4,559) |
|
(5,773) |
| Add (less) non-cash items: |
|
|
|
|
| Depreciation |
6,157 |
|
5,556 |
|
| Memorandum Account funding debtor Crown |
4,279 |
|
4,164 |
|
| Memorandum Account 2006 reversed |
(4,164) |
|
- |
|
| Property, plant and equipment write-offs |
- |
|
254 |
|
| Property, plant and equipment revaluation losses |
- |
|
559 |
|
| Bad debts written off |
11 |
|
14 |
|
| Decrease in provision for doubtful debts |
(160) |
|
(11) |
|
| Increase in non-current employee entitlements |
531 |
|
130 |
|
| Increase/(decrease) in non-current onerous contracts |
67 |
|
(105) |
|
|
|
6,721 |
|
10,561 |
| Add (less) movements in working capital items: |
|
|
|
|
| Decrease/(increase) in inventories |
10 |
|
(1) |
|
| Decrease/(increase) in receivables and advances |
(1,183) |
|
1,632 |
|
| Decrease/(increase) in debtor Crown |
2,434 |
|
(6,091) |
|
| Decrease/(increase) in prepayments |
138 |
|
(78) |
|
| Increase/(decrease) in creditors and payables |
5,077 |
|
(1,114) |
|
| Increase/(decrease) in unearned income |
(808) |
|
188 |
|
| Increase in current employee entitlements |
43 |
|
883 |
|
|
|
5,711 |
|
(4,581) |
| Add (less) items classified as investing activities |
|
|
|
|
| Net (gain)/loss on sale of property, plant and equipment |
|
178 |
|
(17) |
| Net Cash Flows from Operating Activities |
|
8,051 |
|
190 |
This statement is to be read in conjunction with the Statement of Accounting Policies and Notes to the Financial Statements.
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