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 | 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. | ||||
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