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Note 7: Cash Flow Reconciliation

AASB

AUASB

2020

2019

2020

2019

$

$

$

$

Reconciliation of net cost of services to net cash from operating activities:

Net cost of services

(3,313,776)

(3,618,332)

(2,182,114)

(2,192,424)

Add revenue from Government

3,598,000

3,595,000

2,398,000

2,116,000

Adjust for proceeds of disposal of assets (Investing Activity)

(75)

(2,162)

0

0

Adjustments for non-cash items

Depreciation / amortisation

250,633

54,563

0

0

Lease incentive - (530 Collins St)

0

(16,627)

0

0

Net write down of non-financial assets

226

35,787

0

0

Movements in assets / liabilities

Assets

(Increase) / decrease in net receivables

1,701,677

266,528

617,168

(175,166)

(Increase) / decrease in prepayments

33,110

(44,316)

(38,960)

0

Liabilities

Increase / (decrease) in employee provisions

10,478

(2,281)

83,525

51,555

Increase / (decrease) in supplier payables

(193,481)

81,882

(51,374)

68,290

Increase / (decrease) in other payables

(182,271)

107,480

19,611

(17,078)

Net cash from / (used by) operating activities

1,904,521

457,522

845,855

(148,823)