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Cash Flow Statement

Notes

2019

$’000

2018

$’000

2019

Budget

$’000

Operating Activities

Cash received

Appropriations

24,700

28,786

21,537

Sale of goods and rendering of services

22,588

22,011

20,903

GST received

1,465

1,976

1,708

Other cash received

1,864

1,025

-

Total cash received

50,617

53,798

44,148

Cash used

Employees

27,928

26,518

25,864

Suppliers

19,149

18,439

17,806

Section 74 receipts transferred to OPA

2,500

1,000

-

Other cash used

445

320

-

Total cash used

50,022

46,277

43,670

Net cash from operating activities

595

7,521

478

Investing Activities

Cash received

Proceeds from sales of property, plant and equipment

25

-

-

Total cash received

25

-

-

Cash used

Purchase of property, plant and equipment

169

7,409

192

Purchase of intangibles

500

849

697

Total cash used

669

8,258

889

Net cash used by investing activities

(644)

(8,258)

(889)

FINANCING Activities

Cash received

Contributed equity

411

414

411

Total cash received

411

414

411

Net cash from financing activities

411

414

411

This categorises cash inflows and outflows into Operating, Investing and Financing cash flows.

Net increase/(decrease) in cash held

362

(323)

-

Cash and cash equivalents at the beginning of the reporting period

571

894

750

Cash and cash equivalents at the end of the reporting period

933

571

750

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

Budget Variances Commentary

This table explains the major variances from budget for the Departmental cash flow statement

Explanation of major variances

Affected line items

Appropriations are higher than budget due to returning Section 74 receipts that are above agreed working cash balance limits to the Official Public Account (OPA) and then redrawing funding as required.

Sale of goods and rendering of services is higher than budget as the demand for learning and development activities was higher than budget, combined with higher customer prepayments. This increased demand also contributed to a higher level of supplier payments.

Employee payments are higher than budget due to the payment of separations that were accrued in 2018, and the transfer of leave liability balances to other entities. The transferring of leave liability balances from other entities resulted in a higher level of cash received.

Appropriations

$3,163,000 higher than budget and Section 74 receipts transferred to OPA $2,500,000 higher than budget.

Sale of goods and rendering of services $1,685,000 higher than budget and Suppliers $1,343,000 higher than budget.

Employees $2,064,000 higher than budget and Other cash received $1,864,000 higher than budget.