Cash flow statement
for the period ended 30 June 2019
|
2019 |
2018 |
Original Budget 2019 |
||
|---|---|---|---|---|
|
Notes |
$'000 |
$'000 |
$'000 |
|
|
OPERATING ACTIVITIES |
||||
|
Cash received |
||||
|
Appropriations |
68 839 |
65 154 |
61 492 |
|
|
Sales of goods and rendering of services |
1 988 |
2 429 |
1 695 |
|
|
Net GST received |
3 593 |
3 144 |
3 268 |
|
|
Total cash received |
74 420 |
70 727 |
66 455 |
|
|
Cash used |
||||
|
Employees |
36 953 |
33 191 |
33 744 |
|
|
Suppliers |
33 511 |
33 459 |
32 711 |
|
|
Grants |
20 |
20 |
- |
|
|
Section 74 receipts transferred to OPA |
3 193 |
3 029 |
- |
|
|
Other |
84 |
10 |
- |
|
|
Total cash used |
73 761 |
69 709 |
66 455 |
|
|
Net cash from / (used by) operating activities |
659 |
1 018 |
- |
|
|
INVESTING ACTIVITIES |
||||
|
Cash received |
||||
|
Proceeds from sales of property, plant and equipment |
9 |
- |
- |
|
|
Total cash received |
9 |
- |
- |
|
|
Cash used |
||||
|
Purchase of property, plant and equipment |
4 392 |
4 411 |
4 382 |
|
|
Purchase of intangibles |
1 529 |
1 127 |
1 456 |
|
|
Total cash used |
5 922 |
5 538 |
5 838 |
|
|
Net cash used by investing activities |
(5 913) |
(5 538) |
(5 838) |
|
|
FINANCING ACTIVITIES |
||||
|
Cash received |
||||
|
Contributed equity |
5 838 |
4 631 |
5 838 |
|
|
Total cash received |
5 838 |
4 631 |
5 838 |
|
|
Net cash from financing activities |
5 838 |
4 631 |
5 838 |
|
|
Net increase in cash held |
584 |
111 |
- |
|
|
Cash and cash equivalents at the beginning of the reporting period |
277 |
166 |
166 |
|
|
Cash and cash equivalents at the end of the reporting period |
861 |
277 |
166 |
|
- The above statement should be read in conjunction with the accompanying notes.
- This statement also represents the results for Outcome 1 as the Archives only has one outcome. Outcome 1 is described at the Overview note.
Budget Variances Commentary (continued)
Cash Flow Statement
Appropriations
The variance for appropriations received is mainly due to the amounts relating to revenue from Section 74 of the PGPA Act not included in the original budget. Additional Appropriation drawdown was requested during the year as a result of higher than anticipated employee and supplier expenditure and capital purchases for identified strategic initiatives.
Sales of goods and rendering of services
Sales of goods and rendering of services is more than budget primarily due to extra funding received from Department of Prime Minister and Cabinet for managing the Prime Minister legacy gifts transferred into the National Archives' custody, which was not anticipated in the original budget.
Employees
Employees is greater than budget due to a Voluntary Redundancy Program undertaken in 2018 -19 and the establishment of the Digital Archives Taskforce from 1 July 2018 which were not included in the original budget.
Visit
https://www.transparency.gov.au/annual-reports/national-archives-australia/reporting-year/2018-2019-29