Annual Report 2010 - Christchurch City Council

p216.
Annual Report
Christchurch Otautahi
2010
Financial statements
Reconciliation of surplus
for the period to net cash
flows from operating
activities
Notes to financial statements
36. Reconciliation of surplus for the period to net cash flows from
operating activities
Parent
Group
30 Jun 10 30 Jun 09 30 Jun 10 30 Jun 09
Actual Actual Actual Actual
$000s $000s $000s $000s
Profit for the period 107,857 63,359 5,183 92,609
Add/(less) non-cash items
Depreciation, amortisation and impairment expense 115,771 102,530 197,902 186,176
Donated and subsidised assets (7,069) (24,798) (10,893) (31,906)
(Gains)/losses in fair value of investment property - - (2,087) 4,426
(Gains)/losses in fair value of derivative financial instruments 3,534 9 283 9
Share of associates’ loss/(profit) (less dividends) - - (466) (3,953)
Net foreign exchange (gains)/losses - - (1) (40)
Deferred tax charged/(credited) to income 1,863 788 62,287 (4,494)
Finance lease income - - 2,199 (2,079)
Gains/losses in fair value of Endeavour iCap 338 (2,049) 338 (2,049)
Other non cash movements - - (4,437) (5,172)
Changes in fair value of assets classified as fair value through the income
statement
- - - 3,826
Net changes in non-cash items 114,437 76,480 245,125 144,744
Add/(less) items classified as investing or financing activities
(Gain)/loss on disposal of non-current assets (1,109) (2,768) (1,489) (2,875)
Movement in capital creditors (5,800) (4,958) (5,462) (7,414)
Recognition of service concession arrangement - (10,730) - (10,730)
Other 474 - 2,452 -
Net changes in investing/financing activities (6,435) (18,456) (4,499) (21,019)