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 | 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.
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https://www.transparency.gov.au/annual-reports/national-archives-australia/reporting-year/2019-20-17