Download PDF (7.6MB) - Wellington Institute of Technology
Download PDF (7.6MB) - Wellington Institute of Technology
Download PDF (7.6MB) - Wellington Institute of Technology
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Cash Flow StatementFor the year ended 31 December 2012GROUPPARENTNote2012 Actual$0002012 Budget$0002011 Actual$0002012 Actual$0002012 Budget$0002011 Actual$000Cash flows from operating activitiesReceipts from customers 54,622 54,971 50,875 54,588 53,438 50,177Interest received 729 510 700 729 510 845Payments to suppliers and employees (49,522) (48,499) (45,390) (48,191) (46,968) (44,888)GST (net) (196) - (328) (176) - (321)Net cash provided by/(used in)operating activities25 5,633 6,982 5,857 6,950 6,980 5,813Cash flows from investing activitiesReceipts from sale <strong>of</strong> property, plant andequipmentPurchase <strong>of</strong> property, plant andequipment31 - - 26 - -(9,120) (14,430) (4,052) (9,120) (14,430) (4,052)Purchase <strong>of</strong> intangible assets (394) (695) (459) (258) (695) (448)Acquisition/roll over <strong>of</strong> investments (3,653) - - (5,284) - -Net cash provided by/(used in)investing activities(13,136) (15,125) (4,511) (14,636) (15,125) (4,500)Cash flows from financing activitiesProceeds from equity injection - - 400 - - 400Net cash provided by financingactivities- - 400 - - 400Net (decrease)/increase in cash andcash equivalentsCash and cash equivalents at thebeginning <strong>of</strong> the financial yearCash and cash equivalents at theend <strong>of</strong> the financial year(7,503) (8,143) 1,746 (7,686) (8,145) 1,71316,214 16,214 14,468 16,181 16,181 14,46825 8,711 8,071 16,214 8,495 8,036 16,181Represented by:Cash at bank and in hand 1,204 1,716 1,714 988 1,681 1,681Term deposits - ASB Bank 2,007 6,355 14,500 2,007 6,355 14,500Term deposits - Westpac 5,500 - - 5,500 - -8,711 8,071 16,214 8,495 8,036 16,181The GST (net) component <strong>of</strong> operating activities reflects the net GST paid to and received from Inland Revenue. The GST (net) component has beenpresented on a net basis as the gross amounts do not provide meaningful information for financial statement purposes and to be consistent with thepresentation basis <strong>of</strong> the other primary financial statements.The accompanying notes form part <strong>of</strong> these financial statements.2012 ANNUAL REPORT | 61
Change language