Notes to the financial statements (continued)
As at 30 June 2025, Western Power did not have any short-term deposits (30 June 2024: nil). For the purpose of the statement of cash flows, cash and cash equivalents consist of cash and deposits as defined above, net of outstanding bank overdrafts. As at 30 June 2025, Western Power did not have a bank overdraft (30 June 2024: nil). B. Amounts recognised in statement of financial position See table 11 below. C. Reconciliation of profit to net cash inflows from
Section 3: Operational assets and liabilities 8. Cash and cash equivalents A. Accounting policy incurred as a result. (Refer to section 4 for the liabilities relating to Western Power’s financing activities). Cash and cash equivalents comprise cash at bank, deposits held at call with financial institutions and other short-term deposits that have an original maturity of three months or less that are readily convertible to known amounts of cash. In this section This section identifies the assets used to generate Western Power’s operating profit and the liabilities
operating activities See table 12 below.
Table 11: Amounts recognised in statement of financial position
2024/25 $M
2023/24 $M
Current
Cash at bank
304 304
222
222 Cash at bank earns interest at floating rates based on daily bank deposit rates. Cash and cash equivalents at the end of the year include deposits which are restricted for use by the company and are to be expended to support operations of the following funds and in accordance with the existing agreements. The total amount as at 30 June 2025 is $4 million (30 June 2024: $7 million).
Table 12: Reconciliation of profit to net cash inflows from operating activities
2024/25 $M
2023/24 $M
Note
Profit for the reporting year, net of tax equivalent Non-cash items Depreciation and amortisation expense Impairment of plant and equipment Written down value on disposal of property, plant and Items classified as investing and financing activities Proceeds on disposal of property, plant and equipment, and intangible assets Net finance costs Movements in operating assets and liabilities Movement in trade and other receivables Movement in inventories Movement in trade and other payables Movement in provisions Movement in deferred income Movement in tax equivalent assets and liabilities equipment, and intangible assets Non-cash capital contributions
338 510
381 488 - 24 (66) (1) 305 (18) (38) 1 6 50 72 1,204
5(b) 5(c) 8(d)
25 24
(75) (20) 326 (9) (62) 4 16 25 153 1,255
6(b)
Net cash inflows from operating activities
Western Power Annual Report 2025
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