Statement of cash flows for the year ended 30 June 2020
STATEMENT OF CASH FLOWS | |||
For the year ended 30 June 2020 | |||
2020 | 2019 | ||
$'000 | $'000 | ||
OPERATING ACTIVITIES | |||
Cash received | |||
Investment income | 10,046 | 8,622 | |
Receipts from government | 145,998 | 134,531 | |
Lease incentive | 0 | 1,027 | |
Other revenue | 9 | 3 | |
Net GST received | 838 | 644 | |
156,891 | 144,827 | ||
Cash used | |||
Employees | 10,012 | 7,294 | |
Reimbursements to employers | 135,664 | 124,889 | |
Other expenses | 7,142 | 6,382 | |
152,818 | 138,565 | ||
Net cash from operating activities | 4,073 | 6,262 | |
INVESTING ACTIVITIES | |||
Cash received | |||
Sale of property, plant and equipment | 2 | 137 | |
Sale of investments | 426,064 | 154,240 | |
426,066 | 154,377 | ||
Cash used | |||
Purchase of property, plant and equipment | 3,020 | 3,374 | |
Purchase of investments | 569,875 | 1,916 | |
572,895 | 5,290 | ||
Net cash from/(used by) investing activities | (146,829) | 149,087 | |
FINANCING ACTIVITIES | |||
Cash used | |||
Principal payments of lease liabilities | 525 | 0 | |
525 | 0 | ||
Net cash from/(used by) financing activities | (525) | 0 | |
Net increase/(decrease) in cash held | (143,281) | 155,349 | |
Cash and cash equivalents at the beginning of the reporting period | 179,568 | 24,219 | |
Cash and cash equivalents at the end of the reporting period | 36,287 | 179,568 | |
Non-cash investing activities | |||
During the year, financial assets held at fair value through profit or loss were acquired (redeemed) as a result of: | |||
2020 | 2019 | ||
$’000 | $’000 | ||
Reinvestment of distributions and manager fee rebates | 59,620 | 57,885 | |
Management fees paid by redemptions | 2 | (234) | |
Total non-cash investing activities | 59,622 | 57,651 | |
The above statement should be read in conjunction with the accompanying notes.
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https://www.transparency.gov.au/annual-reports/coal-mining-industry-long-service-leave-funding-corporation/reporting-year/2019-20-21