Endeavour Energy Annual Performance Report - Parliament of New ...
Endeavour Energy Annual Performance Report - Parliament of New ...
Endeavour Energy Annual Performance Report - Parliament of New ...
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5 Gain/(loss) on sale <strong>of</strong> Retail business continued<br />
(d) Net assets attributable to discontinued operations<br />
Working capital deficit* 35,751<br />
Trade and other debtors 112,214<br />
Accrued income (unbilled income and unread meters) 186,204<br />
Green certificates (NGACs and Emission Rights) 69,003<br />
Derivative financial assets 46,298<br />
Property, plant and equipments 271<br />
Total assets 449,741<br />
Other creditors 232,527<br />
Deposits 8,743<br />
Derivative financial liabilities 89,973<br />
Total liabilities 331,243<br />
Net assets attributable to discontinued operations 118,498<br />
2011<br />
$’000<br />
* The working capital deficit reflects the difference between the target level <strong>of</strong> working capital defined in the Sale and Purchase Agreement,<br />
and the actual level <strong>of</strong> working capital as at sale Completion Date.<br />
(e) Gain/(loss) from discontinued operations<br />
Consideration received from the sale <strong>of</strong> the Retail business 1,000,000<br />
2011<br />
$’000<br />
Stamp duty paid (71,254)<br />
Net assets <strong>of</strong> the Retail business sold (118,498)<br />
Recycling <strong>of</strong> cash flow hedge reserve (52,419)<br />
Gain on liability foregone 1,451<br />
Gain on sale <strong>of</strong> discontinued operations before income tax 759,280<br />
(f) Net cash flow on disposal<br />
Cash consideration received from the sale <strong>of</strong> the Retail business 1,000,000<br />
2011<br />
$’000<br />
Stamp duty paid (71,254)<br />
Cash inflow reflected in Statement <strong>of</strong> Cash Flows 928,746<br />
<strong>Endeavour</strong> <strong>Energy</strong> <strong>Annual</strong> <strong>Performance</strong> <strong>Report</strong> 2010–11<br />
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