FORECAST FINANCIAL STATEMENTS FOR THE YEAR ENDING 30 JUNE 2007

STATEMENT OF CASHFLOWS

For the year ending 30 June 2007

		2005/06	2006/07
	BUDGETED $000	ESTIMATED ACTUAL $000	BUDGETED $000
Cash Flows from Operating Activities Cash provided from:
Supply of outputs to:
Crown	156,945	156,945	153,700
Department	3,009	3,009	3,136
Other	88,627	88,627	89,692
Interest non-NZDMO	11	11	11
Cash disbursed to:
Cost of producing outputs:
Output expenses	(247,643)	(236,143)	(231,361)
Capital charge	(3,468)	(3,468)	(4,643)
Net Cash Flows from Operating Activities	(2,519)	8,981	10,535
Cash Flows from Investing Activities
Cash provided from:
Sale of physical assets	230	230	-
Cash disbursed to:
Purchase of physical assets	(14,093)	(14,093)	(23,826)
Net Cash Flows from Investing Activities	(13,863)	(13,863)	(23,826)
Cash Flows from Financing Activities
Cash provided from:
Capital contribution from the Crown	13,810	13,810	4,213
Cash disbursed to:
Repayment of surplus to the Crown	(3,953)	(3,953)	(6,996)
Capital repayments to the Crown	-	-	-
Net Cash Flows from Financing Activities	9,857	9,857	(2,783)
Net Increase/(Decrease) in Cash Held	(6,525)	4,975	(16,074)
Opening total cash balances at 1 July	56,258	56,258	61,233
Closing Total Cash Balances at 30 June projected	49,733	61,233	45,159