NOTES TO THE FINANCIAL STATEMENTS
NOTE 1 2 RECONC I L I AT I ON OF THE NET CASH FLOW FROM OPERAT I NG ACT I V I T I ES TO REPORTED PROF I T (All figures shown in tables are in $NZ thousands unless otherwise stated)
FOR THE PERIOD ENDED 31 DECEMBER
Dec 2018
Dec 2017
NET SURPLUS AFTER TAXATION
13,477
18,063
ADD NON CASH ITEMS Accounting gain on sale of assets
–
(4,185)
Amortisation
2,233
2,522
Depreciation and impairment
9,832
8,943
Movement in deferred tax
(77)
–
Share of loss/(profit) from joint venture
–
–
TOTAL ADJUSTMENTS FOR ITEMS IN SURPLUS NOT IMPACTING CASH FLOW
11,988
7,280
ADD MOVEMENTS IN WORKING CAPITAL ITEMS Increase/(decrease) in payables
(1,769)
(418)
Decrease/(increase) in receivables
(3,001)
(4,917)
TOTAL ADJUSTMENTS FOR ITEMS NOT IN SURPLUS IMPACTING CASH FLOW
(4,770)
(5,335)
NET CASH INFLOW FROM OPERATING ACTIVITIES
20,695
20,008
Airways Interim Report 2018 2019
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