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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

3.1A

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.