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Cash Flow Statement

for the period ended 30 June 2019

2019

2018

Original Budget

$’000

$’000

$’000

OPERATING ACTIVITIES

Cash received

Appropriations

33,474

33,772

33,520

Sales of goods and rendering of services

444

129

9

GST received

807

708

0

Total cash received

34,725

34,609

33,529

Cash used

Employees

25,562

25,536

27,000

Suppliers

6,823

6,836

6,529

GST paid

757

744

0

Section 74 receipts transferred to OPA

1,484

1,584

0

Total cash used

34,626

34,700

33,529

Net cash from (used by) operating activities

99

(91)

0

INVESTING ACTIVITIES

Cash used

Purchase of property, plant and equipment

408

338

211

Total cash used

408

338

211

Net cash (used by) investing activities

(408)

(338)

(211)

FINANCING ACTIVITIES

Cash received

Contributed equity

408

338

211

Total cash received

408

338

211

Net cash from financing activities

408

338

211

Net increase (decrease) in cash held

99

(91)

0

Cash and cash equivalents at the beginning of the reporting period

337

428

428

Cash and cash equivalents at the end of the reporting period

436

337

428

For 2018-19 GST cash flows are required to be included a gross basis. Presentation of the comparative amounts for 2017-18 have been adjusted from a net basis to a gross basis.

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

Budget Variances Commentary

The variation in total cash received and used mainly reflects lower employee related expenses (refer to the commentary under the Statement of Comprehensive Income) and a different (higher) level of aggregation of line items in the Original Budget.