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National Health Funding Body Cash Flow Statement for the year ended 30 June 2020

National Health Funding Body Cash Flow Statement for the year ended 30 June 2020

Notes

2020
$

2019
$

Original Budget
$

OPERATING ACTIVITIES

Cash received

Appropriations

5,856,616

6,781,065

5,820,000

GST received

359,131

291,313

281,000

TOTAL CASH RECEIVED

6,215,747

7,072,378

6,101,000

Cash used

Employees

2,948,079

3,081,165

2,857,000

Suppliers

1,773,702

2,395,510

2,713,000

Section 74 receipts transferred to the Official Public Account

43,796

391,251

281,000

TOTAL CASH USED

4,765,577

5,867,926

5,851,000

NET CASH FROM OPERATING ACTIVITIES

1,450,170

1,204,452

250,000

INVESTING ACTIVITIES

Cash used

Work in Progress Software

902,033

1,199,653

250,000

Total cash used

902,033

1,199,653

250,000

NET CASH USED BY INVESTING ACTIVITIES

(902,033)

(1,199,653)

(250,000)

FINANCING ACTIVITIES

Cash used

Lease principal repayments

145,191

TOTAL CASH USED

145,191

Net cash from (used by) financing activities

(145,191)

NET INCREASE IN CASH HELD

402,946

4,799

Cash and cash equivalents at the beginning of the reporting period

30,777

25,978

26,000

CASH AND CASH EQUIVALENTS AT THE END OF THE REPORTING PERIOD

4A

433,723

30,777

26,000

The above statement should be read in conjunction with the accompanying notes.