Cash Flow Statement
ROYAL AUSTRALIAN AIR FORCE WELFARE TRUST FUND
CASH FLOW STATEMENT
FOR THE PERIOD ENDED 30 JUNE 2020
Notes | 2020 $ | 2019 $ | |
OPERATING ACTIVITIES | |||
Cash received | |||
Loan repayments from members | 13,653,768 | 13,910,248 | |
Interest | 1,041,221 | 1,128,627 | |
Member premiums – Group Life Insurance | 209,014 | 217,132 | |
Group Life claims | 90,000 | 45,000 | |
Donations | 42,465 | 31,535 | |
Other | 10,519 | 800 | |
Total cash received | 15,046,987 | 15,333,342 | |
Cash used | |||
Loans provided to members | 13,008,553 | 14,558,673 | |
Employees | 208,674 | 202,202 | |
Grants | 212,381 | 197,924 | |
Underwriting - Group Life insurance | 156,428 | 158,679 | |
Group Life claims | 105,000 | 60,000 | |
Direct debit administration fees | 13,626 | 12,688 | |
Audit fees | 20,240 | 14,300 | |
Insurances | 3,826 | 3,974 | |
Web-site administration and software | 2,186 | 1,650 | |
Other | 1,754 | 4,064 | |
Total cash used | 13,732,668 | 15,214,154 | |
Net cash from (used by) operating activities | 1,314,319 | 119,188 | |
Net increase/(decrease) in cash held | 1,314,319 | 119,188 | |
Cash and cash equivalents at the beginning of the reporting period | 2,972,905 | 2,853,717 | |
Cash and cash equivalents at the end of the reporting period | 4,287,224 | 2,972,905 |
The above statement should be read in conjunction with the accompanying notes.
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https://www.transparency.gov.au/annual-reports/royal-australian-air-force-welfare-trust-fund/reporting-year/2019-20-49