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 |
2,972,905 |
2,853,717 |
|
The above statement should be read in conjunction with the accompanying notes.
Visit
https://www.transparency.gov.au/annual-reports/royal-australian-air-force-welfare-trust-fund/reporting-year/2018-2019-48