89
waikato-tainui
annual report 2014
25 . r e c on c i l i at i on o f p r o f i t f o r t h e y e a r t o n e t c a s h i n f l ow/ (ou t f l ow)
f r om o p e r at i ng a c t i v i t i e s
Consolidated
Parent
Notes
2014
2013
2014
2013
$'000
$'000
$'000
$'000
Net profit for the year
70,874
110,761
35,655
75,463
Non‑cash items:
Depreciation, amortisation and impairment
5
4,025
3,727
404
856
Bad debts written off
5
32
85
-
2
Movement in doubtful debt provision
5
43
159
26
-
Amortisation of capitalised lease incentives
297
167
-
-
Share of total profits of associates
6
(474)
(316)
-
-
Other gains ‑ net
(31,884)
(30,438)
(10,372)
(3,563)
Relativity Settlements
15 (20,943)
-
(19,000)
-
Other non‑cash items in relation to
investing and financing activities
(621)
(352)
19
76
Other gains on acquisition of subsidiary
(3,049)
-
-
-
(Increase)/decrease in current assets
(excluding subsidiary and joint venture acquisition):
Trade and other receivables
6,321
(3,876)
(302)
376
Trade and other receivables ‑ non‑cash fair value gain
3,808
2,452
-
-
Inventories
(6,860)
261
-
-
Biological assets
(255)
247
-
-
Biological assets ‑ non‑cash fair value gain
545
119
-
-
Increase/(decrease) in current liabilities
(excluding subsidiary and joint venture acquisition):
Trade and other payables
3,509
5,631
4,725
(471)
Other
Dividend received from associate
6
207
207
-
-
Net cash inflow from operating activities
25,575
88,834
11,155
72,739
