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Consolidated Statement of Cash Flows

for the year ended 30 June 2020

2020

2019

Notes

$

$

OPERATING ACTIVITIES

Cash received

Receipts from customers

18,953,652

21,180,061

Grants received

97,296

247,500

Total cash received

19,050,948

21,427,561

Cash used

Payments to suppliers and employees

(19,913,196)

(21,219,045)

Income taxes paid

(83,832)

-

Interest payments on lease liabilities

(83,426)

-

Total cash used

{20,080,454}

{21,219,045}

Net cash (used in)lfrom operating activities

10A

(1,029,506)

208,516

INVESTING ACTIVITIES

Cash received

Proceeds from sales of property, plant and equipment

143,976

407,952

Proceeds from disposal of assets classified as held for sale

554,041

-

Amounts received from stores under commercial loans

821,560

233,250

Bond deposits received

523,415

12,718

Distributions received on managed investments

547,278

-

Interest received

312,254

867,959

Net cash from investing activities

2,902,524

1,521,879

Cash used

Payments for property, plant and equipment

7A

(372,761)

(595,980)

Investment in managed funds

(2,599,837)

(10,750,000)

Investment in fixed term deposits

(18,835,000)

-

Underpinning payments for stores and other grants

(1,294,556)

(2,832,628)

Payments to stores under commercial loans

(59,850)

(240,046)

Total cash used

(23,162,004)

(14,418,654)

Net cash used in investing activities

(20,259,480)

(12,896,775)

FINANCING ACTIVITIES

Cash used

Principal payments of lease liabilities

(136,148)

-

Total cash used

(136,148)

-

Net cash used in financing activity

(136,148)

-

Net decrease in cash and cash equivalents

(21,425,134)

(12,688,259)

Cash and cash equivalents at the beginning of the year

35,114,732

47,943,291

Cash and cash equivalents at the end of the year

13,689,598

35,255,032

Less : Cash and cash equivalents relating to discontinued operations

18

(1)

(140,300)

Cash and cash equivalents at the end of the year from continuing operations

6A

13,689,597

35,114,732

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