Note 3 - Reconciliation of Net Surplus to Net Cash Flows from Operating Activities
| 2010/11 | 2011/12 | 2012/13 | ||
|---|---|---|---|---|
| Actual $000 | In 2011 Budget $000 | Estimated Actual $000 | Budgeted $000 | |
| Net surplus | 12,676 | (10) | 6,450 | - |
| Add (less) non-cash items: | ||||
| Depreciation and amortisation expense | 76,823 | 85,238 | 77,624 | 81,159 |
| Fixed assets write off | 3,429 | - | - | - |
| Total non-cash items | 80,252 | 85,238 | 77,624 | 81,159 |
| Add (less) items classified as investing or financial activities: | ||||
| Gain (loss) on disposal of property | 634 | - | (789) | - |
| Interest | (1) | - | (2) | - |
| Net Investing and Financing Activities | 633 | - | (791) | - |
| Add (less) movements in working capital items: | ||||
| Inc/(Dec) in accounts payable | 16,552 | 304 | 1,895 | 78 |
| Inc/(Dec) in accounts receivable | (304) | 294 | 318 | 1,220 |
| Inc/(Dec) in employee entitlements | (9,518) | 4,794 | 17,831 | 7,107 |
| Inc/(Dec) in debtors Crown | (43,841) | 31,357 | (14,938) | 43,791 |
| Inc/(Dec) in inventories | 314 | - | (314) | - |
| Inc/(Dec) in prepayments | (1,873) | (200) | (420) | - |
| Inc/(Dec) in accrued expenses | 346 | 3,514 | 451 | 80 |
| Net working capital movements | (38,324) | 40,063 | 4,823 | 52,276 |
| Net cash flows from operating activities | 55,237 | 125,291 | 88,106 | 133,435 |
