Reconciliation of Forecast Net Cash Flows from Operating Activities
For the Year Ending 30 June 2007
| Budgeted $(000) |
2005/06 Estimated Actual $(000) |
2006/07 Budget $(000) |
|
|---|---|---|---|
| Operating Surplus/(Deficit) | (60) | 1,200 | (60) |
| Add/(Less) Non-Cash Items | |||
| Depreciation | 8,900 | 8,900 | 11,560 |
| Asset Write-off | - | - | - |
| Total Non-Cash Items | 8,900 | 8,900 | 11,560 |
| Add/(Less) Non-Cash Working | |||
| Capital Movements: | |||
| (Increase)/Decrease in Accounts Receivable | (1,676) | (533) | - |
| (Increase)/Decrease in Prepayments | 353 | 353 | - |
| (Increase)/Decrease in Crown Creditor | 1,788 | 1,788 | - |
| (Increase)/Decrease in Inventories | (3,096) | (3,096) | - |
| Increase/(Decrease) in Accounts Payable | (404) | (404) | (500) |
| Increase/(Decrease) in Employee Entitlements | 660 | 660 | 450 |
| Increase/(Decrease) in Other Liabilities | (3,483) | (4,626) | 60 |
| Total Working Capital Movements | (5,858) | (5,858) | 10 |
| Items Classified as Investing Activities: | |||
| Net (Gain)/Loss on Sale of Fixed Assets | 50 | 50 | 50 |
| Net Cash Flows from Operating Activities | 3,032 | 4,292 | 11,560 |
The Statement of Accounting Policies should be read in conjunction with these financial statements.
Contact for Enquiries
Strategy and Performance Group
Ministry of Agriculture and Forestry
Pastoral House
25 The Terrace
PO Box 2526, Wellington
Tel: +64 4 894 0100
Fax: +64 4 894 0738
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