Page 53

FINANCIAL STATEMENTS

STATEMENT OF CASHFLOWS For the year ended 31 December 2015

GROUP

Note

PARENT

2015 Actual

2015 Budget

2014 Actual

2015 Actual

2015 Budget

2014 Actual

$000

$000

$000

$000

$000

$000

59,372

58,680

55,838

56,370

55,612

52,395

444

274

574

409

258

573

(52,866)

(53,308)

(48,187)

(49,698)

(50,134)

(45,354)

Cash flows from operating activities Receipts from customers Interest received Payments to suppliers and employees GST (net) Net cash provided by/(used in) operating activities

25

164

-

(234)

158

-

(241)

7,114

5,646

7,991

7,239

5,736

7,373

Cash flows from investing activities Receipts from sale of property, plant and equipment Purchase of property, plant and equipment Purchase of intangible assets Investment in associate

5

-

-

5

-

-

(4,724)

(6,768)

(10,595)

(4,712)

(6,768)

(10,551)

(107)

(459)

(472)

(107)

(459)

(459)

-

(1,200)

-

-

(1,200)

-

(4,826)

(8,427)

(11,067)

(4,814)

(8,427)

(11,010)

Net (decrease)/increase in cash and cash equivalents

2,288

(2,781)

(3,076)

2,425

(2,691)

(3,637)

Cash and cash equivalents at the beginning of the financial year

8,938

8,938

12,014

8,267

8,267

11,904

11,226

6,157

8,938

10,692

5,576

8,267

Cash at bank and in hand

2,947

2,869

2,869

2,671

2,199

2,198

Term deposits - BNZ Bank

4,258

220

3,000

4,000

310

3,000

4,021

3,068

3,069

4,021

3,067

3,069

11,226

6,157

8,938

10,692

5,576

8,267

Net cash (used in)/provided by investing activities

Cash and cash equivalents at the end of the financial year

25

Represented by:

Term deposits - Westpac

The GST (net) component of operating activities reflects the net GST paid to and received from Inland Revenue. The GST (net) component has been presented on a net basis as the gross amounts do not provide meaningful information for financial statement purposes and to be consistent with the presentation basis of the other primary financial statements. The accompanying notes form part of these financial statements

51

2015 WelTec Annual Report  

2015 WelTec Annual Report

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