Cash Flow Statement
for the period ended 30 June 2019
|
2019 |
2018 |
Original Budget |
||||
|
Notes |
$'000 |
$'000 |
$'000 |
|||
|
OPERATING ACTIVITIES |
||||||
|
Cash received |
||||||
|
Appropriations |
391,579 |
346,756 |
383,678 |
|||
|
Rendering of services |
9,006 |
7,197 |
6,354 |
|||
|
Net premium revenue |
43,904 |
43,000 |
41,500 |
|||
|
Insurance agency revenue received |
3,062 |
2,888 |
4,500 |
|||
|
Reinsurance and other recoveries |
4,609 |
1,902 |
- |
|||
|
Interest |
1,725 |
1,613 |
- |
|||
|
GST received |
16,289 |
11,505 |
7,977 |
|||
|
Total cash received |
470,174 |
414,861 |
444,009 |
|||
|
Cash used |
||||||
|
Employees |
195,096 |
199,927 |
177,707 |
|||
|
Suppliers |
235,466 |
155,595 |
217,580 |
|||
|
Income tax paid - competitive neutrality |
- |
372 |
- |
|||
|
Claim payments |
40,228 |
30,780 |
35,541 |
|||
|
Reinsurance premiums |
6,943 |
6,890 |
- |
|||
|
Acquisition costs |
371 |
387 |
- |
|||
|
Fire brigade and emergency services contributions |
1,559 |
1,482 |
- |
|||
|
Section 74 receipts transferred to the Official Public Account |
7,768 |
6,330 |
11,653 |
|||
|
Total cash used |
487,431 |
401,763 |
442,481 |
|||
|
Net cash (used by)/from operating activities |
(17,257) |
13,098 |
1,528 |
|||
|
INVESTING ACTIVITIES |
||||||
|
Cash received |
||||||
|
Investments realised |
78,417 |
24,364 |
1,350 |
|||
|
Total cash received |
78,417 |
24,364 |
1,350 |
|||
|
Cash used |
||||||
|
Purchase of leasehold improvements |
13,620 |
9,762 |
- |
|||
|
Purchase of property, plant and equipment |
141 |
175 |
- |
|||
|
Purchase of intangibles |
15,050 |
25,632 |
23,475 |
|||
|
Purchase of investments |
74,501 |
26,492 |
3,000 |
|||
|
Total cash used |
103,312 |
62,061 |
26,475 |
|||
|
Net cash (used by) investing activities |
(24,895) |
(37,697) |
(25,125) |
|||
|
FINANCING ACTIVITIES |
||||||
|
Cash received |
||||||
|
Contributed equity |
40,930 |
26,160 |
23,475 |
|||
|
Total cash received |
40,930 |
26,160 |
23,475 |
|||
|
Net cash from financing activities |
40,930 |
26,160 |
23,475 |
|||
|
Net (decrease)/increase in cash held |
(1,222) |
1,561 |
(122) |
|||
|
Cash and cash equivalents at the beginning of the reporting period |
7,974 |
6,413 |
6,357 |
|||
|
Cash and cash equivalents at the end of the reporting period |
6,752 |
7,974 |
6,235 |
The above statement should be read in conjunction with the accompanying notes.
For budgetary reporting information refer to Note 8.2.
Visit
https://www.transparency.gov.au/annual-reports/department-veterans-affairs/reporting-year/2018-2019-45