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Cash flow statement

for the period ended 30 June 2019

Original budget

2019

2018

2019

Notes

$

$

$

OPERATING ACTIVITIES

Cash received

Appropriations

12,544,000

12,420,000

12,758,000

Sales of goods and rendering of services

8,260,087

7,901,916

6,898,000

Other cash received

4,387,920

4,300,519

4,396,000

GST received

548,069

191,132

456,000

Total cash received

25,740,076

24,813,567

24,508,000

Cash used

Employees

(16,944,928)

(17,049,713)

(16,494,000)

Suppliers

(8,692,624)

(8,403,685)

(7,591,000)

GST paid

-

-

(423,000)

Total cash used

(25,637,552)

(25,453,398)

(24,508,000)

Net cash (used by) / from operating activities

102,524

(639,831)

-

INVESTING ACTIVITIES

Cash used

Purchase of property, plant, equipment and intangibles

(5,986,876)

(2,253,353)

(1,945,000)

Total cash used

(5,986,876)

(2,253,353)

(1,945,000)

Net cash (used by) investing activities

(5,986,876)

(2,253,353)

(1,945,000)

FINANCING ACTIVITIES

Cash received

Contributed equity - Departmental capital budget

2,330,000

1,651,000

1,945,000

Contributed equity - Equity injection

3,800,000

1,200,000

-

Total cash received

6,130,000

2,851,000

1,945,000

Net cash from financing activities

6,130,000

2,851,000

1,945,000

Net (decrease) / increase in cash held

245,648

(42,184)

0

Cash and cash equivalents at the beginning of the reporting period

1,100,443

1,142,627

1,143,000

Cash and cash equivalents at the end of the reporting period

2.1A: Cash and cash equivalents

1,346,091

1,100,443

1,143,000

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

Budget variances commentary

Cash flow statement

The above table provides a comparison between the 2018–19 Portfolio Budget Statements (PBS) budget and the final financial outcome in the 2018–19 financial statements. The Budget is not audited and does not reflect additional budget estimates provided in the 2018–19 Portfolio Additional Estimates Statements (PAES) or the revised budget provided as part of the 2019–2020 Portfolio Budget Statements (PBS). However major changes in budget have been explained as part of the variance analysis where relevant.

The actuals are prepared in accordance with Australian Accounting Standards.

Explanations have been provided where movements are greater than 10% of the line item and/or 2% of total cash received or used unless the movement is clearly trivial.

Departmental major budget variances for 2019

Explanations of major variances

Affected line items (and statement)

Variances relating to cash flows occur because of the factors detailed under expenses, own source income, assets or liabilities.

Operating, investing, financing activities (cash flow statement)

Investing activities - cash used

The increase in expenditure related to the medical linear accelerator project, completed during the year.

Investing, financing activities (cash flow statement)

Contributed equity

Variance of $4,185,000 for the current year relates to the drawdown of prior year appropriation, mainly associated with the medical linear accelerator project

Financing activities (cash flow statement), trade and other receivables (statement of financial position)