| Waikato Raupatu Lands Trust | ||
| Statement of cash flows This statement is a report of where the cash came from and where it went for the 12 months from 1 April to 31 March. | ||
| For the year ended 31 March 2025 | ||
| Consolidated | Consolidated | |
| 2025 | 2024 | |
| $'000 | $'000 | |
| Cash flows from operating activities | ||
| Receipts from customers Cash that we received from our customers. | 141,787 | 153,500 |
| Payments to suppliers and employees Cash that we paid to suppliers and our kaimahi. | (88,913) | (108,046) |
| Other receipts from non-customers Cash received from the sale of residential properties. | 1,104 | 6,844 |
| Payments to grant recipients Cash used to pay grants. | (38,096) | (44,103) |
| Net cash flows from operating activities before finance costs | 15,882 | 8,195 |
| Interest received Cash received for interest on our term deposits. | 8,418 | 9,048 |
| Interest and other finance costs paid Cash used to pay interest on our loans. | (26,051) | (14,941) |
| Net cash (used in)/from operating activities | (1,751) | 2,302 |
| Cash flows from investing activities | ||
| Payments for investments in other financial assets Cash that we paid to into our private investments. | 387 | (4,713) |
| Payments for new joint venture capital invested Cash that was injected into our joint ventures - such as Te Arikinui Pullman Hotel. | (2,702) | - |
| Payments for investment property Cash that was used to build and develop our investment property. | (37,978) | (87,813) |
| Payments for property, plant and equipment Cash that was used to purchase property plant and equipment, primarily relating to our new Electricity Distribution Business at Ruakura. | (19,994) | (17,421) |
| Receipts from disposal of business Cash that was received upon selling a business. | - | 11,996 |
| Receipts from other financial assets (investments in unlisted funds) Cash that was taken out of our investment in Mercer. | 15,559 | 11,613 |
| Receipts from joint venture dividends Cash that was paid to us as a dividend by our joint ventures. | - | 4,250 |
| Proceeds from disposal of intangible assets Cash that was received upon selling carbon credits. | - | 3,500 |
| Receipts from term deposits Cash that was received when our term deposits in the bank mature or end. | 14,368 | 10,015 |
| Dividends received from investments in other financial assets Cash that we received as distributions from our private investments. | 805 | 401 |
| Net cash used in investing activities | (29,555) | (68,172) |
| Cash flows from financing activities | ||
| Proceeds from borrowings Cash that we received from the bank in the form of a loan. | 34,303 | 388,814 |
| Repayment of borrowings Cash that we paid back to the bank to reduce the loan. | (7,749) | (315,919) |
| Net cash from financing activities | 26,554 | 72,895 |
| Net (decrease)/increase in cash and cash equivalents | (4,752) | 7,025 |
| Cash and cash equivalents at the beginning of the financial year | 45,988 | 38,963 |
| Cash and cash equivalents at the end of the financial year | 41,236 | 45,988 |
| Reconciliation of surplus for the year to net cash inflow from operating activities | ||
| Consolidated | Consolidated | |
| 2025 | 2024 | |
| $'000 | $'000 | |
| Net surplus after tax for the year | (21,377) | 65,307 |
| Adjustments for: | - | - |
| Depreciation, amortisation and impairment | 5,184 | 4,270 |
| Doubtful debt provision and bad debt written off | 294 | 1,063 |
| Amortisation of capitalised lease incentives | 1,038 | 1,038 |
| Share of total profits of joint ventures | 7,219 | 853 |
| Other gains - net | 5,949 | (74,448) |
| Relativity and social investment income | (3,230) | (11,040) |
| Government Grants - CIP loan | (874) | (7,807) |
| Harvesting of forestry assets | - | (1,739) |
| Capitalised interest | - | 6,446 |
| Other non-cash items in relation to investment and financing activities | (235) | (129) |
| Changes in: | - | - |
| Trade and other receivables | 356 | 27,039 |
| Intangible assets | 495 | 1,300 |
| Inventories | 21 | (2,633) |
| Biological assets | 717 | 440 |
| Trade and other payables and employee entitlements | (13,190) | (6,174) |
| Accrued revenue | 15,882 | (1,484) |
| Net cash inflow from operating activities | (1,751) | 2,302 |