Cash flow statement
for the period ended 30 June 2019
|
2019 |
2018 |
Original Budget |
|||
|---|---|---|---|---|---|
|
Notes |
$’000 |
$’000 |
$’000 |
||
|
OPERATING ACTIVITIES |
|||||
|
Cash received |
|||||
|
Appropriations |
13,496 |
10,711 |
13,496 |
||
|
Cash transferred from the Public Account |
4,325 |
1,500 |
– |
||
|
Sale of goods and rendering of services |
1,484 |
3,395 |
2,170 |
||
|
GST received |
537 |
411 |
250 |
||
|
Total cash received |
19,842 |
16,017 |
15,916 |
||
|
Cash used |
|||||
|
Employees |
(11,459) |
(9,879) |
(10,572) |
||
|
Suppliers |
(5,853) |
(4,769) |
(5,692) |
||
|
Section 74 receipts transferred to OPA |
(2,473) |
(3,328) |
– |
||
|
Total cash used |
(19,785) |
(17,976) |
(16,264) |
||
|
Net cash from/(used by) operating activities |
57 |
(1,959) |
(348) |
||
|
INVESTING ACTIVITIES |
|||||
|
Cash used |
|||||
|
Purchase of infrastucture, plant and equipment |
– |
– |
(879) |
||
|
Purchase of intangibles |
(205) |
(163) |
– |
||
|
Total cash used |
(205) |
(163) |
(879) |
||
|
Net cash from/(used by) investing activities |
(205) |
(163) |
(879) |
||
|
FINANCING ACTIVITIES |
|||||
|
Cash received |
|||||
|
Contributed Equity |
160 |
– |
860 |
||
|
Total cash received |
160 |
– |
860 |
||
|
Net cash from/(used by) financing activities |
160 |
– |
860 |
||
|
Net increase/(decrease) in cash held |
12 |
(2,122) |
(367) |
||
|
Cash and cash equivalents at the beginning of the reporting period |
589 |
2,711 |
661 |
||
|
Cash and cash equivalents at the end of the reporting period |
601 |
589 |
294 |
||
The above statement should be read in conjunction with the accompanying notes.
Budget variances commentary
The major variances on the Cash Flow Statement includes cash received, cash used and purchase of intangibles.
As noted in the commentary on the Statement of Comprehensive Income and Statement of Financial Position, the OAIC ensured delivery of its program outcomes during the reporting period which impacted on cash received and cash used activities as well as the purchase of intangibles.
Visit
https://www.transparency.gov.au/annual-reports/office-australian-information-commissioner/reporting-year/2018-2019-38