ARTA Annual Report 2009 - Auckland Transport
ARTA Annual Report 2009 - Auckland Transport
ARTA Annual Report 2009 - Auckland Transport
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Reconciliation of Net Surplus with Net Cash Flows from Operating Activities<br />
Actual Plan Actual<br />
<strong>2009</strong> <strong>2009</strong> 2008<br />
$000 $000 $000<br />
Cash was provided from:<br />
Net Surplus 55,698 85,389 121,796<br />
Adjustment for items not involving cash:<br />
Depreciation and amortisation 18,221 16,092 11,937<br />
Loss/gain on sale of assets 236 0 554<br />
Donated assets 0 0 (77,957)<br />
Deferred tax 440 (213) 4,935<br />
Movements in working capital:<br />
Decrease/(Increase) in receivables from ARC 9,587 (6,179) (17,059)<br />
Decrease/(Increase) in trade and other receivables (1,907) (1,827) (6,702)<br />
Decrease/(Increase) in inventory (2,030) 0 (3,096)<br />
Decrease/(Increase) in GST (678) (184) 807<br />
Decrease/(Increase) in grants receivable from ARC 7,711 11,021 26,545<br />
(Decrease)/Increase in trade and other payables (7,218) 3,124 21,854<br />
(Decrease)/Increase in grants payable (7,711) (11,021) (26,251)<br />
Net Cash from Operating Activities 72,349 96,202 57,362<br />
The accounting policies on pages 81 to 94 and the notes on pages 100 to 120 form part of, and should be<br />
read in conjunction with, these financial statements.<br />
99
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