Go to top of page

Cash Flow Statement

Cash Flow Statement

for the period ended 30 June 2020

Notes

2020

$'000

2019

$'000

Original Budget

$'000

OPERATING ACTIVITIES

Cash received

Sale of Goods and Rendering of Services

42,414

53,958

44,017

Appropriations

51,706

51,338

52,002

GST Received

4,352

5,034

-

Other Receipts

100

555

334

Total cash received

98,572

110,885

96,353

Cash used

Employees

48,652

50,807

53,557

Suppliers

42,083

52,452

38,394

Interest payments on lease liabilities

375

-

-

Cost Recovery Funds Transferred to OPA

928

-

-

Total cash used

92,038

103,259

91,951

Net cash from operating activities

6,534

7,626

4,402

INVESTING ACTIVITIES

Cash received

Proceeds from sales of property, plant and equipment

1

1

-

Total cash received

1

1

-

Cash used

Purchase of Property, Plant and Equipment

1,215

12,741

-

Purchase of Intangibles

1,632

1,629

8,150

Total cash used

2,847

14,370

8,150

Net cash (used by) investing activities

(2,846)

(14,369)

(8,150)

FINANCING ACTIVITIES

Cash received

Contributed Equity

2,294

5,855

3,748

Total cash received

2,294

5,855

3,748

Cash used

Principal payments of lease liabilities

4,314

-

-

Total cash used

4,314

-

-

Net cash from/(used by) financing activities

(2,020)

5,855

3,748

Net increase/(decrease) in cash held

1,668

(888)

-

Cash and cash equivalents at the beginning of the reporting period

3,025

3,913

3,913

Cash and cash equivalents at the end of the reporting period

3.1A

4,693

3,025

3,913

The above statement should be read in conjunction with the accompanying notes.

Budget Variances Commentary

The policy for explanation of major budget variances is included in the Overview section. The original budget cash flow statement was prepared net of GST. The budget variance for suppliers relates to a decrease in prepayments and additional maintenance and licencing costs for the software. The budget variance for Cost Recovery Funds Transferred to the Official Public Account (OPA) relates to s74 receipts for the year. The budget variance for interest payments and principal payments of lease liabilities is due to the implementation of AASB 16 Leases.