Statement of Cash Flows
For the Year Ended 30 June 2019
|
Note |
2019 $ |
2018 $ |
|
|---|---|---|---|
|
Cash Flow from Operating Activities |
|||
|
Cash Received |
|||
|
Receipts from government |
4,532,816 |
4,392,000 |
|
|
Interest received |
30,060 |
26,845 |
|
|
Receipts from ACF donations |
6,162,431 |
3,375,137 |
|
|
Other receipts |
433,745 |
366,985 |
|
|
Total cash received |
11,159,052 |
8,160,967 |
|
|
Cash used |
|||
|
Payments to suppliers |
(1,101,335) |
(1,103,073) |
|
|
Payments to employees |
(1,896,941) |
(1,871,333) |
|
|
Payments to grants recipients |
(1,648,043) |
(1,290,651) |
|
|
Payments to ACF grant recipients |
(3,960,519) |
(2,948,868) |
|
|
Total cash used |
(8,606,838) |
(7,212,884) |
|
|
Net cash generated from operating activities |
2,552,214 |
948,083 |
|
|
Cash Flow from Investing Activities |
|||
|
Purchase of property, plant and equipment |
(8,500) |
(8,910) |
|
|
Net cash used by investing activities |
(8,500) |
(8,910) |
|
|
Net Increase in cash held |
2,543,714 |
939,173 |
|
|
Cash and cash equivalents at beginning of the financial year |
4,122,206 |
3,183,033 |
|
|
Cash and cash equivalents at end of the financial year |
6,665,920 |
4,122,206 |
|
The accompanying notes form part of these financial statements.
Visit
https://www.transparency.gov.au/annual-reports/australia-business-arts-foundation-ltd/reporting-year/2018-2019-36