Cash Flow Statement
Cash Flow Statement for the period ended 30 June 2020 | |||||
2020 | 2019 | Original Budget | |||
|---|---|---|---|---|---|
Notes | $’000 | $’000 | $’000 | ||
OPERATING ACTIVITIES | |||||
Cash received | |||||
Appropriations | 3,550 | 3,575 | 3,313 | ||
Sale of goods and rendering of services | 190 | 245 | 225 | ||
Net GST received | 105 | 168 | - | ||
Other | 44 | 92 | - | ||
Total cash received | 3,890 | 4,080 | 3,538 | ||
Cash used | |||||
Employees | 1,834 | 1,527 | 1,648 | ||
Suppliers | 1,581 | 2,546 | 1,890 | ||
Borrowing costs | 3 | - | - | ||
Total cash used | 3,418 | 4,072 | 3,538 | ||
Net cash from/(used by) operating activities | 472 | 8 | - | ||
INVESTING ACTIVITIES | |||||
Cash used | |||||
Purchase of property, plant and equipment | 151 | 19 | 59 | ||
Total cash used | 151 | 19 | 59 | ||
Net cash from/(used by) investing activities | (151) | (19) | (59) | ||
FINANCING ACTIVITIES | |||||
Cash received | |||||
Contributed Equity | 59 | 32 | 59 | ||
Total cash received | 59 | 32 | 59 | ||
Cash used | |||||
Principal payments of lease liabilities | 270 | - | - | ||
Total cash used | 270 | - | - | ||
Net cash from/(used by) financing activities | (211) | 32 | 59 | ||
Net increase/(decrease) in cash held | 109 | 21 | - | ||
Cash and cash equivalents at the beginning of the reporting period | 85 | 64 | 64 | ||
Cash and cash equivalents at the end of the reporting period | 195 | 85 | 64 | ||
The above statement should be read in conjunction with the accompanying notes. | |||||
Budget Variances Commentary Cash Flow Statement for not-for-profit Reporting Entities 1. Operating activities - Cash received: "Appropriations and Cash and cash equivalents" at the beginning of the reporting period variations relate to the PBS budget position being prepared prior to 2018-19 actual results being known. Anticipated receipts for the conference were not realised. "GST" and "Other" were not included in budget estimation. The increase in appropriations used resulted from actual cash drawn down of funds to pay suppliers accrued from previous year. 2. Operating activities - Cash used: "Employees" and "Suppliers" main variance reflects the impact of engaging non-ongoing APS staff rather than contractors. 3. Investing activities - Cash used: "Purchase of property plant and equipment" variance due to the redeveloped web site and laptop purchases. 4. Financing Activities - Cash received: "Contributed Equity" - ASEA only draws down capital funds for actual purchases. Refer cash used - Purchase of property plant and equipment comment above. 5. Financing Activities - Cash used: "Principal payment of lease liabilities" is a result of the application of AASB16 6. Net increase/(decrease) in cash held - variance relates to impact of over anticipation of liquidity needs as mention in the balance sheet commentary. | |||||
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