Notes to the Financial Statements

Note 24: Reconciliation of the Net Surplus/(Deficit) to the Net Cash Flows from Operating Activities

Consolidated University
This Year Last Year This Year Last Year
$000 $000 $000 $000
Net Surplus/(Deficit) 8,854 10,741   9,371 8,970
 
Add/(Less) Non Cash Items:
Depreciation and Amortisation 18,804 17,341   17,578 16,769
Increase/(Decrease) in Term Portion of Employee Entitlements 707 (337)   707 (337)
Intercompany Accounts - -   (771) (154)
Share of Surplus/(Deficit) from Associates - 224   - -
Loss on Disposal of Property, Plant & Equipment 105 -   105 -
Other 357 (286)   - (46)
  19,973 16,942   17,619 16,232
Add/(Less) Movements in Other Working Capital Items:  
(Increase)/Decrease in Trade and Other Receivables (1,900) (882)   (1,784) (302)
Increase/(Decrease) in Trade and Other Payables 1,366 (581)   1,242 (721)
(Increase)/Decrease in Inventories 15 53   15 53
Increase/(Decrease) in Income in Advance 1,669 1,705   1,669 1,669
Increase/(Decrease) in Employee Entitlements 1,521 (912)   1,391 (1,002)
(Increase)/Decrease in Prepayments (1,705) (368)   (1,705) (368)
  966 (985)   828 (671)
Add/(Less) Items Classified as Investing and Financing Activities:  
Long Term Investment 167 -   (22) -
(Increase)/Decrease in Property Plant & Equipment Payables 943 1,360   943 1,360
Cash investment to Waikato Link - -   1,455 -
Equity Distribution from Subsidiary - -   (294) -
Cash Dividend from Subsidiary - -   (116) -
  1,110 1,360   1,966 1,360
 
Net Cash Flow from Operating Activities 30,903 28,058 29,784 25,891


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