96 / 100
3 1 I m p a c t s o f c h a n g e s i n a c c o u n t i n g p o l i c y ( c on t i n u e d )
Impact of change in accounting policy on statement of cash flows
For year
ended 31
March 2014
(previously
reported)
$’000
Equity
accounting
for joint
ventures
$’000
For year
ended 31
March 2014
(restated)
$’000
Cash flows from operating activities
Receipts from customers
75,235
(4,801)
70,434
Proceeds from settlement
11,000
-
11,000
Payments to suppliers
(48,079)
4,198
(43,881)
Payments to grant recipients
(5,806)
-
(5,806)
Interest received
6,579
(53)
6,526
Interest paid
(13,594)
-
(13,594)
Net cash generated from/(used in) operating activities
25,335
(656)
24,679
Cash flows from investing activities
Payments for investments in unlisted companies
(3,917)
-
(3,917)
Receipts for investments in unlisted companies
108
-
108
Dividends received
240
-
240
Net payment for investment in joint venture partnership
(13,059)
-
(13,059)
Amounts (paid to)/received from related parties
(821)
-
(821)
Payments for property, plant and equipment
(2,414)
-
(2,414)
Payments for intangible assets
(278)
27
(251)
Payments for investment properties
(10,769)
-
(10,769)
Proceeds from sale of investment properties
2,984
-
2,984
Net cash generated from /(used in) investing activities
(27,926)
27
(27,899)
Cash flows from financing activities
Proceeds from borrowings
21,281
-
21,281
Repayment of borrowings
(5,742)
-
(5,742)
Acquisition of subsidiary net cash acquired
2,293
-
2,293
Net cash generated from financing activities
17,832
-
17,832
Net increase/(decrease) in cash and cash equivalents
15,241
(629)
14,612
Cash and cash equivalents at the beginning of the financial year
156,858
-
156,858
Cash and cash equivalents at end of year
172,099
(629)
171,470
waikato raupatu lands trust
notes to the financial statements
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
94