Cash Flow Statement
|
Infrastructure and Project Financing Agency |
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|---|---|---|---|---|---|
|
Cash Flow Statement |
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|
for the period ended 30 June 2019 |
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|
2019 |
2018 |
Original Budget |
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|
Notes |
$ |
$ |
$ |
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|
OPERATING ACTIVITIES |
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|
Cash received |
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|
Appropriations |
5,083,000 |
3,327,000 |
5,083,000 |
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|
Sale of goods and rendering of services |
47,825 |
- |
- |
||
|
Net GST Received |
189,806 |
58,426 |
- |
||
|
Total cash received |
5,320,631 |
3,385,426 |
5,083,000 |
||
|
Cash used |
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|
Employees |
2,336,712 |
1,241,078 |
2,327,000 |
||
|
Suppliers |
2,745,294 |
1,556,705 |
2,756,000 |
||
|
Total cash used |
5,082,006 |
2,797,783 |
5,083,000 |
||
|
Net cash from operating activities |
238,625 |
587,643 |
- |
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|
INVESTING ACTIVITIES |
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|
Cash used |
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|
Purchase of property, plant and equipment |
- |
172,897 |
- |
||
|
Total cash used |
- |
172,897 |
- |
||
|
Net cash used by investing activities |
- |
(172,897) |
- |
||
|
FINANCING ACTIVITIES |
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|
Cash received |
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|
Contributed Equity |
- |
105,000 |
- |
||
|
Total cash received |
- |
105,000 |
- |
||
|
Net cash from financing activities |
- |
105,000 |
- |
||
|
Net increase in cash held |
238,625 |
519,746 |
- |
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|
Cash and cash equivalents at the beginning of the reporting period |
519,746 |
- |
- |
||
|
Cash and cash equivalents at the end of the reporting period |
758,371 |
519,746 |
- |
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|
The above statement should be read in conjunction with the accompanying notes. |
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Cash flow Statement Current Report Period (2018-19)
Budget Variances Commentary
The total expenses on the statement of comprehensive income only have a minor variance between budget and actual, which is comprised by higher employee benefits, offset by the lower suppliers. IPFA was approved at 2018-19 MYEFO for extra FTE and associated funding. As a result, higher employee benefits were driven by extra staff. The variance in supplier expenses was a result of lower than anticipated contractor expenses, recruitment and travel. Depreciation increased when compared to budget due to a change in leasing arrangements. This resulted in accelerated depreciation that was unknown at the time of the budget. In the statement of financial position, trade and other receivables variance is mainly due to higher appropriation receivable in the context of higher MYEFO appropriation. No budgeted figures were provided for suppliers and other payables.
Visit
https://www.transparency.gov.au/annual-reports/infrastructure-and-project-financing-agency/reporting-year/2018-2019-23