Reconciliation of net surplus to net cash flows from operating activities
For the year ended 30 June 2008
| |
2005/06
Actual
$000 |
2006/07
Budget
$000 |
2006/07
Estimated
Actual
$000 |
2007/08
Budget
$000 |
| Net surplus/(deficit) from operations |
4,203 |
(1,746) |
(7,327) |
1,442 |
| Add/(deduct) non-cash expenses/ (revenues) from operating statement |
|
|
|
|
| Depreciation and impairment on property, plant and equipment |
1,257 |
2,192 |
1,169 |
1,815 |
| Amortisation and impairment on intangible assets and goodwill |
- |
- |
473 |
1,597 |
| Increase/(decrease) in non-current employee entitlements |
36 |
- |
- |
- |
| |
|
|
|
|
| Add/(deduct) movements in working capital |
|
|
|
|
| (Increase)/decrease in receivables and advances |
(6,736) |
- |
8,733 |
(3,959) |
| (Increase)/decrease in Debtor Crown |
- |
- |
- |
- |
| Increase/(decrease) in payables and provisions |
(850) |
(1,340) |
4,865 |
(3,029) |
| Increase/(decrease) in deferred income |
- |
900 |
- |
- |
| Increase/(decrease) in current employee entitlements |
354 |
- |
- |
- |
| |
|
|
|
|
| Items classified as investing activities |
|
|
|
|
| Net (gain)/loss on sale of fixed assets |
(12) |
- |
- |
- |
| Fixed asset write-offs |
142 |
- |
- |
- |
| Net cash flows from operating activities |
(1,606) |
6 |
7,913 |
(2,134) |
Statement of forecast movements in taxpayers' funds (equity)
As at 30 June 2008
| |
2005/06
Actual
$000 |
2006/07
Budget
$000 |
2006/07
Estimated
Actual
$000 |
2007/08
Budget
$000 |
| Taxpayers' funds at the start of the period |
4,152 |
10,555 |
10,390 |
9,244 |
| |
|
|
|
|
| Add |
|
|
|
|
| Net surplus/(deficit) |
4,203 |
(1,746) |
(7,327) |
1,442 |
| |
|
|
|
|
| (Deduct) |
|
|
|
|
| Provision for payment of surplus to the Crown |
(7,012) |
(1,520) |
(64) |
(3,458) |
| |
|
|
|
|
| Add |
|
|
|
|
| Capital injections from the Crown |
8,447 |
7,132 |
6,446 |
6,001 |
| Net asset transfer from Ministry of Economic Development |
600 |
583 |
139 |
- |
| Taxpayers' funds at the end of the period |
10,390 |
15,004 |
9,584 |
13,229 |