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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09<br />
Financial<br />
statements<br />
Notes to the Financial Statements<br />
For the year ended 30 June 2011<br />
8 Cash Flow Information<br />
(a) Cash and Cash Equivalents<br />
2011<br />
$’000<br />
2010<br />
$’000<br />
Cash in bank 3,260 30,321<br />
Cash on hand 28 34<br />
Total cash and cash equivalents 3,288 30,355<br />
For the purposes <strong>of</strong> the Cash Flow Statement, cash includes cash on hand and cash equivalents.<br />
(b) Reconciliation <strong>of</strong> Cash Flows from Operating Activities to Pr<strong>of</strong>it After Tax<br />
2011<br />
$’000<br />
2010<br />
$’000<br />
Pr<strong>of</strong>it after tax 1,003,997 178,979<br />
Adjustments for:<br />
Depreciation non-current assets 147,399 133,202<br />
Amortisation non-current assets 17,261 16,516<br />
Amortisation <strong>of</strong> discounts/premiums 11,391 19,308<br />
Non cash capital contributions (61,281) (44,127)<br />
Net pr<strong>of</strong>it/(loss) on disposal <strong>of</strong> property, plant and equipment 2,975 (5)<br />
Asset revaluation reserve movements 4,726 12,238<br />
Gain on sale <strong>of</strong> discontinued operations (759,280) –<br />
Net assets <strong>of</strong> Retail business derecognised during the year (136,065) –<br />
Changes in assets and liabilities<br />
(Increase)/decrease in trade and other receivables 82,709 (48,991)<br />
(Increase)/decrease in unread meters 78,554 (5,363)<br />
(Increase)/decrease in derivative financial assets 10,620 (5,112)<br />
(Increase)/decrease in inventories 11,717 4,380<br />
(Increase)/decrease in other assets 10,158 19,877<br />
(Increase)/decrease in assets classified as held for sale – 4,383<br />
Increase/(decrease) in trade and other payables (87,501) 19,406<br />
Increase/(decrease) in provisions 21,895 13,534<br />
Increase/(decrease) in current tax balances 10,642 36,878<br />
Increase/(decrease) in deferred tax liabilities 50,206 (3,608)<br />
Increase/(decrease) in derivative financial liabilities (50,396) 50,709<br />
Increase/(decrease) in other liabilities (16,202) (1,776)<br />
Net cash flows from operating activities 353,525 400,428<br />
68