55 / 100
Reconciliation of profit for the year to net cash inflow from operating activities
Net profit for the year
83,268
70,874
Non-cash items:
Depreciation, amortisation and impairment
4
5,390
4,025
Bad debts written off
4
37
32
Movement in doubtful debt provision
10
97
43
Amortisation of capitalised lease incentives
340
297
Share of total profits of joint ventures
(1,407)
(853)
Other gains – net
(15,582)
(31,884)
Movement in relativity settlements receivable
6, 14 (57,401)
(20,943)
Other non-cash items in relation to investing and financing activities
893
(715)
Other gains on acquisition of subsidiary
-
(3,049)
(Increase)/decrease in current assets (excluding subsidiary and joint venture acquisition):
Trade and other receivables
(4,834)
6,564
Trade and other receivables – non-cash fair value gain
1,090
3,808
Inventories
2,493
(6,899)
Biological assets
(1,668)
(255)
Biological assets – non-cash fair value gain
539
545
Increase in current liabilities (excluding subsidiary and joint venture acquisition):
Trade and other payables
586
3,122
Other
Dividend received from associate
-
207
Dividends received from investments in other financial assets
(896)
(240)
Net cash inflow from operating activities
12,945
24,679
Consolidated
Notes
2015
$’000
2014
$’000
These financial statements should be read in conjunction with the accompanying notes.
waikato raupatu lands trust
statement of cash flows (continued)
f o r t h e y e a r e n d e d 3 1 m a r c h 2 0 1 5
53
waikato-tainui
annual report 2015