Full Version - Essential Energy
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Notes to the Financial Statements<br />
for the year ended 30 June 2005<br />
NOTE 21. NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED JUNE 2005<br />
Consolidated<br />
Corporation<br />
2005 2004 2005 2004<br />
$’000 $’000 $’000 $’000<br />
(a) Components of Cash<br />
Cash on Hand 91 93 91 83<br />
Cash at Bank/(Overdraft) (4,608) (9,371) (4,619) (9,371)<br />
Investment securities 1,343 11,433 1,343 11,433<br />
(3,174) 2,155 (3,185) 2,145<br />
(b) Reconciliation of operating profit from ordinary activities after income tax expense to cash provided<br />
by operating activities<br />
86<br />
Profit from Ordinary Activities after Income Tax Expense 98,719 78,339 97,036 75,273<br />
Consolidation Adustment - (2,252) - -<br />
Items classified as investing/finance activities:<br />
(Profit)/loss on sale of property, plant and equipment (814) (1,373) (814) (1,373)<br />
Net Community Service Obligation expense 6 179 6 179<br />
Deferred Interest 1,019 - 1,019 -<br />
Non-cash items:<br />
Amounts set aside to provisions (2,969) 60,785 (2,469) 60,785<br />
Depreciation 145,256 127,887 140,961 123,606<br />
Amortisation 2,947 2,981 1,063 1,097<br />
Write down of non-current assets 1,470 - 1,470 -<br />
Prepaid superannuation (13,241) (6,403) (13,241) (6,403)<br />
Increase/(decrease) in deferred taxes payable 10,390 20,919 10,390 17,102<br />
Changes in assets and liabilities during the financial year:<br />
(Increase)/decrease in unread meters (35,880) (39,057) (35,880) (39,057)<br />
(Increase)/decrease in receivables 7,633 (16,443) 9,881 (10,672)<br />
(Increase)/decrease in inventories (441) (593) (441) (593)<br />
(Increase)/decrease in prepayments and other current assets (19,602) (3,027) (19,602) (2,926)<br />
(Increase)/decrease in operating non-current receivables 58 892 58 892<br />
(Increase)/decrease in other operating non-current assets (18,251) (7,143) (18,260) 397<br />
Increase/(decrease) in operating payables 17,306 33,199 17,921 33,896<br />
Increase/(decrease) in customer deposits (1,741) 1,416 (1,741) 1,416<br />
Increase/(decrease) in other operating liabilities 649 (58) 1,005 (702)<br />
Net cash provided by operating activities 192,514 250,248 188,362 252,917<br />
COUNTRY ENERGY ANNUAL REPORT 2004–2005
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