38 Annual Report
17 Reconciliation of net surplus/(deficit) to net cash from
operating activities
2008
2007
a ctual
a ctual
$
$
n et surplus/(deficit) after tax
(298,516)
1,052,322
a dd/(less) non-cash items:
Depreciation and amortisation expense
263,784
197,592
Bad debts
(137)
633
Finance lease
(5,896)
0
Total non-cash items
257,751
198,225
a dd/(less) items classified as investing
or financing activities:
(Gains)/losses on disposal of property,
plant and equipment
4,485
101,941
(Gains)/losses on non-current assets held for sale
(935)
0
Total items classified as investing or financing activities
3,550
101,941
a dd/(less) movements in working capital items:
Debtors and other receivables
144,506
(216,252)
Creditors and other payables
(293,137)
85,748
Employee entitlements
(64,084)
137,647
Net movements in working capital items
(212,715)
7,143
n et cash from operating activities
(249,930)
1,359,631