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Statement of cash flows for the year ended 30 June 2019

2019

$'000

2018

$'000

OPERATING ACTIVITIES

Cash received

Investment income

8,622

5,001

Receipts from government

134,531

149,081

Lease incentive

1,027

0

Other revenue

3

1

Net GST received

644

411

144,827

154,494

Cash used

Employees

7,294

5,759

Reimbursements to employers

124,889

139,034

Other expenses

6,382

3,768

138,565

148,561

Net cash from operating activities

6,262

5,933

INVESTING ACTIVITIES

Cash received

Sale of property, plant and equipment

137

0

Sale of investments

154,240

97,734

154,377

97,734

Cash used

Purchase of property, plant and equipment

3,374

94

Purchase of investments

1,916

114,560

5,290

114,654

Net cash from/(used by) investing activities

149,087

(16,920)

Net increase/(decrease) in cash held

155,349

(10,987)

Cash and cash equivalents at the beginning of the reporting period

24,219

35,206

Cash and cash equivalents at the end of the reporting period

179,568

24,219

Non-cash investing activities

During the year, financial assets held at fair value through profit or loss were acquired (redeemed) as a result of:

2019

$'000

2018

$'000

Reinvestment of distributions and manager fee rebates

57,885

66,161

Management fees paid by redemptions

(234)

(930)

Total non-cash investing activities

57,651

65,231

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