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