Cash Flow Statement for the period ended 30 June 2019
|
2019 |
2018 |
Original Budget |
||
|---|---|---|---|---|
|
Notes |
$'000 |
$'000 |
$'000 |
|
|
OPERATING ACTIVITIES |
||||
|
Cash received |
||||
|
Sale of goods and rendering of services |
9,328 |
7,861 |
7,219 |
|
|
Receipts from Government |
21,415 |
20,727 |
21,415 |
|
|
Interest |
885 |
698 |
450 |
|
|
Rental income |
2,867 |
2,377 |
2,819 |
|
|
GST received |
1,782 |
1,445 |
1,700 |
|
|
Other |
2,098 |
2,522 |
3,215 |
|
|
Total cash received |
38,375 |
35,630 |
36,818 |
|
|
Cash used |
||||
|
Employees |
(13,616) |
(12,676) |
(14,335) |
|
|
Suppliers |
(14,771) |
(13,484) |
(15,270) |
|
|
Other |
(164) |
(215) |
(118) |
|
|
Total cash used |
(28,551) |
(26,375) |
(29,723) |
|
|
Net cash from operating activities |
9,824 |
9,255 |
7,095 |
|
|
INVESTING ACTIVITIES |
||||
|
Cash received |
||||
|
Sales of property, plant and equipment |
430 |
- |
- |
|
|
Total cash received |
430 |
- |
- |
|
|
Cash used |
||||
|
Purchase of property, plant and equipment |
(7,900) |
(7,166) |
(13,457) |
|
|
Purchase of heritage and cultural items |
(4,684) |
(3,498) |
(2,730) |
|
|
Purchase of intangibles |
(1,562) |
(1,335) |
(1,500) |
|
|
Total cash used |
(14,146) |
(11,999) |
(17,687) |
|
|
Net cash (used by) investing activities |
(13,716) |
(11,999) |
(17,687) |
|
|
FINANCING ACTIVITIES |
||||
|
Cash received |
||||
|
Contributed equity |
7,821 |
7,980 |
7,821 |
|
|
Total cash received |
7,821 |
7,980 |
7,821 |
|
|
Net cash from financing activities |
7,821 |
7,980 |
7,821 |
|
|
Net increase (decrease) in cash held |
3,929 |
5,236 |
(2,771) |
|
|
Cash and cash equivalents at the beginning of the reporting period |
21,428 |
16,192 |
16,133 |
|
|
Cash and cash equivalents at the end of the reporting period |
25,357 |
21,428 |
13,362 |
The above statement should be read in conjunction with the accompanying notes.
|
Budget Variances Commentary Cashflow Statement Commentary is provided where the variance between the budget and actual line item is +/- $500 and 10% and +/- 2% of the budget category (e.g. Expenses, Own-source revenue, Financial asset etc.). |
||
|---|---|---|
|
Explanation of variance |
Line item |
Amount |
|
Includes unbudgeted revenue from voyaging of Endeavour and increased admission, retail and venue hire activity |
Sales of goods and rendering of services |
2,109 |
|
Includes lower than anticipated cash donations revenue and changes in allocation methodology between 2019 budget and 2019 actual activity |
Other cash received |
(1,117) |
|
Includes delays in the museum’s capital works expenditure program, relating to upgrades and improvements to the museum’s buildings and infrastructure |
Purchase of property, plant and equipment |
5,557 |
|
Includes higher than anticipated restoration works on the museum’s floating vessel fleet |
Purchase of heritage and cultural items |
(1,954) |
Visit
https://www.transparency.gov.au/annual-reports/australian-national-maritime-museum/reporting-year/2018-2019-58