Go to top of page

Cash Flow Statement

Cash flow Statement Current Report Period (2018-19)

ROYAL AUSTRALIAN AIR FORCE WELFARE TRUST FUND

CASH FLOW STATEMENT

FOR THE PERIOD ENDED 30 JUNE 2019

Notes

2019

$

2018

$

OPERATING ACTIVITIES

Cash received

Loan repayments from members

13,910,248

13,188,995

Interest

1,128,627

1,061,047

Member premiums – Group Life Insurance

217,132

216,448

Group Life claims

45,000

105,000

Donations

31,535

9,266

Debt collection charges recovered

-

784

Other receipts

800

2,138

Total cash received

15,333,342

14,583,678

Cash used

Loans provided to members

14,558,673

14,379,291

Employees

202,202

261,806

Grants

197,924

143,622

Underwriting - Group Life Insurance

158,679

158,545

Group Life claims

60,000

90,000

Direct Debit administration fees

12,688

12,046

Audit fees

14,300

14,300

Insurances

3,974

4,006

Web-site administration and software

1,650

1,670

Debt collection charges

-

293

Other payments

4,064

2,835

Total cash used

15,214,154

15,068,414

Net cash from (used by) operating activities

119,188

(484,736)

Net increase/(decrease) in cash held

119,188

(484,736)

Cash and cash equivalents at the beginning of the reporting period

2,853,717

3,338,453

Cash and cash equivalents at the end of the reporting period

2.1A

2,972,905

2,853,717

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