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Administered cash flow statement

for the period ended 30 June 2020

2020

2019

Original Budget

Notes

$’000

$’000

$’000

OPERATING ACTIVITIES

Cash

Travel

44,756

62,436

66,283

Fringe benefits tax

939

1,087

1,690

Net GST paid

(168)

(84)

-

Total cash used

45,527

63,439

67,973

Net cash (used by) operating activities

(45,527)

(63,439)

(67,973)

INVESTING ACTIVITIES

Cash used

Prepayment of IPEA's contributions towards the Parliamentary Expense Management System

5,000

-

-

Total cash used

5,000

-

-

Net cash from/(used by) investing activities

(5,000)

-

-

Net (decrease) in cash held

(50,527)

(63,439)

(67,973)

Cash and cash equivalents at the beginning of the reporting period

10

-

-

Cash from Official Public Account

Appropriations

51,548

64,148

67,973

Total cash from official public account

51,548

64,148

67,973

Cash to Official Public Account

Appropriations

(1,021)

(699)

-

Total cash to official public account

(1,021)

(699)

-

Cash and cash equivalents at the end of the reporting period

10

10

-

This schedule 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.

Cash Flow Statement

Appropriations, Travel

Travel expenditure for parliamentarians and their staff is variable and is driven by usage. Variance reflects lower than budgeted levels of travel activity due to the COVID-19 pandemic.

Cash to Official Public Account

Cash to the Offical Public account is higher in 2019-20 due to the return of additional funds drawn down to cover implementation of real time drawdown functionality in CBMS.