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Cash Flow Statement

For the period ended 30 June 2020

Notes

2020

$’000

2019

$’000

Original Budget

2020

$’000

OPERATING ACTIVITIES

Cash received

Industry contributions

95,423

114,478

128,902

Receipts from Government

72,537

60,667

54,101

Interest

4,225

6,764

5,025

Grants receipts

4,065

2,818

-

Dividends

1,207

1,560

-

Net GST received

18,907

19,787

20,555

Other

6,333

10,853

6,522

Total cash received

202,697

216,927

215,105

Cash used

Research and development

201,331

211,711

232,489

Suppliers

18,041

14,768

Employees

13,345

15,744

14,858

Interest payments on lease liabilities

176

-

-

Total cash used

232,893

242,223

247,347

Net cash (used by) operating activities

(30,196)

(25,296)

(32,242)

INVESTING ACTIVITIES

Cash received

Proceeds from sales of property, plant and equipment

3,000

-

-

Investments

95,001

10,000

42,000

Total cash received

98,001

10,000

42,000

Cash used

Purchase of property, plant and equipment

5,536

4,676

4,875

Purchase of financial instruments

49,101

6,355

-

Purchase of investments

-

5,000

5,000

Total cash used

54,637

16,031

9,875

Net cash from / (used by) investing activities

43,364

(6,031)

32,125

FINANCING ACTIVITIES

Cash used

Principal payments of lease liabilities

1,865

-

-

Total cash used

1,865

-

-

Net cash (used by) financing activities

(1,865)

-

-

Net increase / (decrease) in cash held

11,303

(31,327)

(117)

Cash and cash equivalents at the beginning of the reporting period

2,333

33,660

927

Cash and cash equivalents at the end of the reporting period

2.1A

13,636

2,333

810

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