6 THE NATIONAL WATER COMMISSION Statement of Cash Flows Year ended March 31, 2014 Notes CASH FLOWS FROM OPERATING ACTIVITIES (Loss)/profit for the year Adjustments for: Depreciation and amortisation Impairment of property, plant and equipment Gain on disposal of property, plant and equipment Employee benefits obligation Interest income Taxation Unrealised foreign exchange gains on investments Write off of property, plant and equipment Loss on sale of investment Interest expense Unrealised foreign exchange losses on long-term liabilities Capital grants amortised
12,13 13
Thousands of Dollars 2014 2013 Restated* ( 6,984,105)
1,153,069
6,262,140 ( 1,664) 1,049,166 ( 105,755) 1,028,282 ( 524) 212,736 810 1,085,825
3,066,276 48,273 ( 2,568) 901,274 ( 93,459) (2,898,652) 749,403
2,439,369 812,071)
2,091,924 ( 746,129)
(
(Increase)/decrease in current assets Consumer accounts receivable Other accounts receivable and prepaid expenses Inventories
4,174,209
4,269,411
( 1,636,717) ( 72,570) ( 10,846)
(1,105,361) ( 11,569) 179,584
Increase/ (decrease) in current liabilities Deposits and retentions Trade accounts payable Other accounts payable
( (
104,565 111,127) 299,931)
63,837 2,511,592 ( 174,135)
Cash provided by operating activities Taxation paid, net Interest paid
Net cash provided by operating activities
2,147,583
5,733,359
( 29,316) ( 1,001,058)
( 72,140) ( 387,746)
1,117,209
5,273,473
CASH FLOWS FROM INVESTING ACTIVITIES Short-term investments, net Investment, net Purchase of property, plant and equipment and intangible assets Proceeds from disposal of property, plant and equipment Interest received Net cash used by investing activities
Net cash used before financing activities c/fwd
( 12,13
211,730 11,587
( 9,587,699) 2,439 102,783
(8,977,734) 3,502 94,075
( 9,050,107)
(3,383,367)
(10,167,316)
* See note 27 The accompanying notes form an integral part of the financial statements.
33
688,631) 3,792
National Water Commission Annual Report 2013/2014
(8,656,840)