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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

2.1a

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