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Cash flow statement

for the period ended 30 June 2020

2020

2019

Original Budget

Notes

$’000

$’000

$’000

OPERATING ACTIVITIES

Cash received

Appropriations

1

9,266

9,911

10,095

Section 74 receipts

288

325

-

Rendering of services

1

1

-

Net GST received

9

-

-

Other

-

5

-

Total cash received

9,564

10,242

10,095

Cash used

Employees

6,954

6,600

7,146

Suppliers

2

2,322

3,305

2,949

Net GST paid

-

12

-

Section 74 receipts transferred to OPA

288

325

-

Total cash used

9,564

10,242

10,095

Net cash from operating activities

-

-

-

Net increase in cash held

-

-

-

Cash and cash equivalents at the beginning of the reporting period

50

50

50

Cash and cash equivalents at the end of the reporting period

50

50

50

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

Budget Variances Commentary

The following commentary provides a comparison of the original budget as presented in the 2019-20 Portfolio Budget Statements (PBS) to the 2019-20 actuals.

Statement of Comprehensive Income

1. Lower appropriation use than budget reflects lower expenditure during the year because of the impact of the COVID-19 pandemic.

2. Lower levels of supplier expenses than budget reflects lower usage of contractors during the year and decreased expenditure during the year because of the impact of the COVID-19 pandemic.