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Cash Flow Statement

Cash Flow Statement

for the period ended 30 June 2020

2020

2019

Original Budget 2020

Notes

$'000

$'000

$'000

OPERATING ACTIVITIES

Cash received

Appropriations

72 710

68 839

67 861

Sale of goods and rendering of services

2 942

1 988

2 345

Net GST received

3 973

3 593

3 301

Other cash received

87

-

-

Total cash received

79 712

74 420

73 507

Cash used

Employees

32 122

36 953

32 878

Suppliers

15 800

33 511

40 629

Interest payments on lease liabilities

12 005

-

-

Grants

34

20

-

Section 74 receipts transferred to OPA

6 556

3 193

-

Other cash used

-

84

-

Total cash used

66 517

73 761

73 507

Net cash from / (used by) operating activities

13 195

659

-

INVESTING ACTIVITIES

Cash received

Proceeds from sales of property, plant and equipment

21

9

-

Total cash received

21

9

-

Cash used

Purchase of property, plant and equipment

5 084

4 393

4 308

Purchase of intangibles

2 590

1 529

1 535

Total cash used

7 674

5 922

5 843

Net cash used by investing activities

(7 653)

(5 913)

(5 843)

FINANCING ACTIVITIES

Cash received

Contributed equity

8 192

5 838

5 843

Total cash received

8 192

5 838

5 843

Cash used

Principal payments of lease liabilities

14 331

-

-

Total cash used

14 331

-

-

Net cash from financing activities

(6 139)

5 838

5 843

Net increase in cash held

(597)

584

-

Cash and cash equivalents at the beginning of the reporting period

861

277

277

Cash and cash equivalents at the end of the reporting period

2.1A

264

861

277

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

Refer to the Statement of Comprehensive Income for budget variances thresholds.

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. Appropriation drawdown was less than anticipated due to lower supplier expenditure as a result of the impacts of COVID-19.

Sales of goods and rendering of services
Sales of goods and rendering of services is more than budget primarily due to cash received to settle prior year outstanding debtor balances which were not included in the original budget.

Employees
Employees is less than budget due to delays in recruiting positions during the second half of the year as a result of the impacts of COVID-19.

Purchase of property, plant and equipment
Cash expended was higher than budget due to the purchase of equipment for the digitisation of World War II records, which was not included in the original budget.

Purchase of intangibles
Cash expended was higher than budget due to expenses relating to World War II and Prime Ministers Digitisation not included in the original budget.

Contributed equity
Amounts received were higher than budget due to additional funding of $2.5m received for digitisation of World War II records.