Rangatira Annual Report 2025 - Flipbook - Page 59
Annual Report 2025
Note 18 Cashflow reconciliation
Definition of terms used in the statement of cashflows:
‘Cash and cash equivalents’ includes cash on hand, demand deposits, and other short term highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of
change in value. Bank overdrafts are shown within borrowings in the Statement of financial position.
‘Operating activities’ include all transactions and other events that are not investing or financing activities.
‘Investing activities’ are those activities relating to the acquisition and disposal of current and non-current
investments (up to 30 September 2024) and any other non-current assets, including property, plant and
equipment. Following the change to investment entity accounting, cashflows arising from assets classified as
Investments are considered to be operating activities.
‘Financing activities’ are those activities relating to changes in the equity and debt capital structure of the
Company and those activities relating to the cost of servicing the Company’s equity capital.
Profit after tax
2025
$000
2024
$000
99,520
17,386
Add/(less) non-cash items:
(3,398)
(2,860)
Depreciation and amortisation
4,017
7,617
Share of retained profit for the year from associate companies
Other miscellaneous non-cash items
(887)
(656)
(Decrease) in deferred tax
(93)
(1,566)
Share based payment expense
410
363
Impairment loss on investment
-
3,000
Loss/(gain) on revaluation of financial assets at fair value through profit or loss
(11,537)
1,240
Fair value gain on transition to investment entity/VCO
(74,373)
-
(85,861)
7,138
265
3,474
-
(616)
Add/(less) movements in other working capital items:
Change in trade receivables
Change in inventories
Change in tax receivable
Change in other current assets
(Increase)/decrease in other current financial assets
Change in trade payables
Change in current tax payable
(2,581)
258
-
(1,363)
(3,450)
119
64
1,379
-
(2,093)
(69)
424
Change in other current liabilities
-
(47)
Change in other current financial liabilities
-
-
(5,771)
1,535
Net gain on sale of investments
-
(9,376)
(Gain) / loss on associate companies becoming subsidiaries
-
(94)
Change in lease liabilities
2,795
4,859
Capital distribution
1,037
-
Change in provisions
Less items classified as investing activities:
Items previously classified as investing
Net cash inflows from operating activities
-
17,369
3,832
12,758
11,720
38,817
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