Statement of Cash Flows for the year ended 30 June 2020
Notes | 2020 | 2019 | Original Budget | |
|---|---|---|---|---|
Operating Activities | ||||
Cash received | ||||
Government funding | 13,644,000 | 17,747,000 | 13,644,000 | |
Sales of services | 6,349,253 | 2,991,214 | 2,612,000 | |
Interest | 182,619 | 102,662 | 230,000 | |
Other | 375 | 60,963 | - | |
Total cash received | 20,176,247 | 20,901,839 | 16,486,000 | |
Cash used | ||||
Board of Directors | (479,299) | (446,930) | (699,000) | |
Employees | (10,596,416) | (8,609,322) | (9,993,000) | |
Suppliers | (9,648,338) | (8,216,321) | (7,857,000) | |
Net GST paid to the Australian Taxation Office | 631,675 | 300,210 | 594,000 | |
Total cash used | (20,092,378) | (16,972,363) | (17,955,000) | |
Net cash provided by operating activities | 7 | 83,869 | 3,929,476 | (1,469,000) |
Investing Activities | ||||
Cash provided by/(used in) | ||||
Purchase of furniture and equipment | (270,990) | (390,486) | (150,000) | |
Disposal of furniture and equipment | - | 1,375 | - | |
Sale (Purchase) of financial assets | 2,035,207 | (3,141,774) | 1,987,000 | |
Net cash used in investing activities | 1,764,217 | (3,530,885) | 1,837,000 | |
Financing Activities | ||||
Cash provided by/(used in) | ||||
Repayment of lease liabilities | (654,917) | - | - | |
Net cash used in financing activities | (654,917) | - | - | |
Net increase in cash held | 1,193,169 | 398,591 | 368,000 | |
Cash at the beginning of the financial year | 6,377,094 | 5,978,503 | 3,376,000 | |
Cash at the end of the financial year | 7 | 7,570,263 | 6,377,094 | 3,744,000 |
The original budget was reported in the 2019–20 Portfolio Budget Statements published in April 2019.
This statement should be read in conjunction with the accompanying notes.
Budget variance commentary
Budget variance explanations are outlined in Note 12. Explanations of major budget variances.
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