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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.