STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 30 JUNE 2020
Notes | 2020 $ | 2019 $ | |||||
OPERATING ACTIVITIES | |||||||
Cash received | |||||||
Repayments from members | 8,809,862 | 8,465,688 | |||||
Interest | 572,464 | 533,369 | |||||
Administration Fees | 81,000 | 87,420 | |||||
RANCCF Contribution | 104,601 | 104,494 | |||||
Donations | 61,570 | 47,804 | |||||
Other - Loan Conversion | - | 3,108 | |||||
Total cash received | 9,629,497 | 9,241,883 | |||||
Cash used | |||||||
Loans to members | 9,178,472 | 9,475,818 | |||||
Grants | 89,454 | 72,332 | |||||
Audit Fees | 20,570 | 14,300 | |||||
Other Expenses | 7,796 | 11,002 | |||||
Total cash used | 9,296,292 | 9,573,452 | |||||
Net Cash from (used by) Operating Activities | 333,205 | (331,569) | |||||
INVESTING ACTIVITIES | |||||||
Cash used | |||||||
Purchase of Intangible - upgrade to LAMS | (25,583) | - | |||||
Net cash used by investing activities | (25,583) | - | |||||
Net increase(decrease) in cash held | 307,622 | (331,569) | |||||
Cash and cash equivalents at the beginning of the reporting period | 1,805,111 | 2,136,680 | |||||
Cash and cash equivalents at the end of the reporting period | 2,112,733 | 1,805,111 | |||||
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-navy-relief-trust-fund/reporting-year/2019-20-20