Note 3 - Reconciliation of Net Surplus to Net Cash Flows from Operating Activities for the year ending 30 June
| 2010/11 | 2011/12 | 2012/13 | ||
|---|---|---|---|---|
| Actual $000 | In 2011 Budget $000 | Estimated Actual $000 | Budgeted $000 | |
Net surplus/(deficit) | (9,779) | (2,615) | 14,312 | 11,786 |
Add/(less) non-cash items | ||||
| Depreciation and assets written off | 1,145 | 1,123 | 520 | 520 |
| Amortisation of intangibles | 4,626 | 3,995 | 5,209 | 5,209 |
| Total non-cash items | 5,771 | 5,118 | 5,729 | 5,729 |
Add back items classified as investing activity | ||||
| Net loss/(gain) on sale of plant, property and equipment | 949 | (1) | - | - |
Working capital movement | ||||
| (Increase)/Decrease in receivables and prepayments | 445 | (8,438) | 4,183 | 4,752 |
| (Increase)/Decrease in inventory | 333 | - | - | - |
| Increase/(Decrease) in payables | 1,387 | 9,487 | 161 | - |
| Increase/(Decrease) in provision | (2,171) | 4,027 | (255) | - |
Net working capital movement | (6) | 5,403 | 4,089 | 4,752 |
Net cash from operating activities | (3,065) | 7,905 | 15,952 | 12,763 |
