RECONCILIATION OF NET SURPLUS TO NET CASH FLOWS FROM OPERATING ACTIVITIES
For the Year Ended 30 June
Reconciliation of net surplus to net cash flows from operating activities for the year ended 30 June.
2003
Actual
$000 | | 2004
Actual
$000 | 2004
Main
Estimates
$000 | 2004
Supp
Estimates
$000 |
|---|
| 2,270 | Net surplus | 2,759 | - | - |
|---|
| | Add non-cash items: | | | |
|---|
| 2,433 | Depreciation | 2,350 | 2,804 | 2,804 |
|---|
| 28 | Other non-cash movements | - | - | - |
|---|
| 2,461 | Total non-cash items | 2,350 | 2,804 | 2,804 |
|---|
| | Movements in working capital items: | | | |
|---|
| (292) | (Increase)/decrease in debtors and receivables | 2,871 | 500 | 888 |
|---|
| 33 | (Increase)/decrease in prepayments | 111 | - | 5 |
|---|
| 4,422 | Increase/(decrease) in creditors and payables | (5,422) | - | (544) |
|---|
| (313) | Increase/(decrease) in employee entitlements | 444 | - | 687 |
|---|
| 3 | (Increase)/decrease in inventories | (2) | - | (34) |
|---|
| (394) | Increase/(decrease) in unearned revenue | 134 | - | - |
|---|
| 3,459 | Net increase/(decrease) in working capital movements | (1,864) | 500 | 1,002 |
|---|
| | Add/(less) investing activity items: | | | |
|---|
| (85) | Net (gain) on sale of property, plant and equipment | (29) | - | - |
|---|
| (85) | Total investing activity items | (29) | - | - |
|---|
| 8,105 | Net cash inflow/(outflow) from operating activities | 3,216 | 3,304 | 3,806 |
|---|
These financial statements should be read in conjunction with the statement of accounting policies and the notes to the financial statements.