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Statement of Cashflows

Bundanon Trust

For the year ended 30 June 2020

NOTES

2020

$

2019

$

Operating activities

Cash flows from operating activities

Receipts from customers

1,327,137

1,999,507

Receipts from funding

2,480,365

1,501,000

Interest

41,206

76,807

Investment income

42,968

53,797

Payments to suppliers and employees

(2,086,985)

(3,640,697)

Interest paid

(1,430)

(3,161)

Net cash from operating activities

1,803,261

(12,747)

Investing activities

Cash flows from investing activities

Proceeds from sale of property, plant and equipment

16,918

21,235

Proceeds from sale of financial instruments

86,488

162,097

Purchase of property, plant and equipment

(3,959,019)

(1,369,419)

Purchase of intangibles

-

(5,950)

Purchase of financial instruments

(140,569)

(222,753)

Net cash used by investing activities

(3,996,182)

(1,414,790)

Financing activities

Capital funding grants

6,940,000

-

Repayment of bank loans

(36,580)

(34,313)

Total Financing activities

6,903,420

(34,313)

Total cashflows

Net increase / (decrease) in cash held

4,710,499

(1,461,850)

Cash and cash equivalent at the beginning of the reporting period

3,074,630

4,536,480

Cash and cash equivalent at the end of the reporting period

5

7,785,129

3,074,630

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