52 TE PŪRONGO 2013
Reconciliation from the net surplus to the net cash flows from operating activities
Group
Group Parent
Parent
2013
2012
2013 2012
$’000
$’000
$’000 $’000
Surplus/(deficit) from the statement of comprehensive income
4,029
7,947
7,786 9,091
Add/(less) non-cash items
Depreciation and amortisation expense
8,239
7,660
7,034 6,647
Found property, plant and equipment
-
(959)
-
(959)
Net (gain) on lease make good provision
-
195
-
117
Asset impairment
144
691
144
690
Total non-cash items
8,383
7,587
7,178 6,495
Add/(less) items classified as investing or financing activities
Net (gain) on disposal of property, plant and equipment
(360)
(98)
(371)
(86)
Total items classified as investing or financing activities
(360)
(98)
(371)
(86)
Add/(less) movements in working capital items
(Increase)/decrease in inventories
(512)
28
(261)
141
(Increase)/decrease in tauira and other receivables
(572)
(555)
(685)
(512)
(Increase)/decrease in prepayments
(586)
-
(584)
(41)
(Increase)/decrease in interest accrued
644
(21)
564
50
Increase/(decrease) in creditors and other payables
(1,592)
(198)
(6,390)
(1,671)
Increase/(decrease) in revenue received in advance
(294)
(172)
(238)
(172)
Increase/(decrease) in tauira fees
(19)
(53)
(106)
(111)
Increase/(decrease) in provision for kaimahi entitlements
553
(490)
625 (544)
Net movement in working capital
(2,378)
(1,461)
(7,075)
(2,860)
Net cash flow from operating activities
9,674 13,975
7,518 12,640
For the year ended 31 December 2013
Statement of
cash flows
(continued)
The accompanying notes form part of these financial statements.
