Go to top of page

Consolidated Statement of Cash Flows

For the year ended 30 June 2020

Budget

Actual

Restated1

Previously reported

Note

2020

2020

2019

2019

$’000

$’000

$’000

$’000

Cash flows from operating activities

Sales of goods and rendering of services

101,203

76,760

104,307

104,307

Grants received

16,932

19,144

24,108

24,108

Interest received

2,500

2,225

3,420

3,420

Receipts from Government

235,018

281,909

214,072

214,072

Payments to employees

(158,240)

(155,291)

(153,513)

(153,513)

Payments to suppliers

(140,763)

(109,838)

(127,972)

(132,816)

Payments for decommissioning

2.3C

(8,767)

(7,376)

(24,936)

-

Bank charges

-

(25)

(37)

(37)

Net cash from operating activities

47,883

107,508

39,449

59,541

Cash flows from investing activities

Proceeds from sale of property, plant, equipment and intangibles

-

313

504

504

Proceeds from investment sales/maturities

194,988

298,720

225,909

225,909

Purchase of property, plant, equipment and intangibles

2.2A

(125,284)

(82,664)

(85,336)

(64,572)

Purchase of investments

(195,931)

(411,540)

(197,725)

(197,725)

Principal payments on lease liabilities

2.3D

-

(141)

-

-

Net cash used in investing activities

(126,227)

(195,312)

(56,648)

(35,884)

Cash flows from financing activities

Government equity injection

78,800

81,194

28,461

28,461

Net cash from financing activities

78,800

81,194

28,461

28,461

Net (decrease)/increase in cash and cash equivalents

456

(6,610)

11,262

52,118

Effect of exchange changes on the balance of cash and cash equivalents held in foreign currencies

-

-

-

-

Cash and cash equivalents at the beginning of the reporting year

10,075

19,178

7,916

7,916

Cash and cash equivalents at the end of the reporting year

2.1A

10,531

12,568

19,178

60,034

FY19 closing cash has been restated to $19,178,000 from $60,034,000 as a result of payments to suppliers decreasing to $127,972,000 from $132,816,000, payments for decommissioning increasing to $24,936,000 from $nil and purchase of property, plant, equipment and intangibles increasing to $85,336,000 from $64,572,000. The restatement arose as a result of final FY19 accounting adjustments not being reflected in the Statement of Cash Flows.

  1. Refer to the Overview.

The above statement should be read in conjunction with the accompanying notes.