Go to top of page

Cash Flow Statement

Cash Flow Statement

Notes

2020

2019

Original Budget1

$'000

$'000

$'000

OPERATING ACTIVITIES

Cash received

Appropriations

20,202

16,855

16,966

Rendering of services

327

317

264

GST received

863

687

647

Other

618

204

59

Total cash received

22,010

18,063

17,936

Cash used

Employees

10,315

7,639

10,357

Suppliers

8,311

8,967

6,654

Interest payments on lease liabilities

30

-

-

GST paid

11

1

647

Other - section 74 receipts transferred to OPA

1,738

1,360

477

Total cash used

20,405

17,967

18,135

Net cash from / (used by) operating activities

1,605

96

(199)

INVESTING ACTIVITIES

Cash used

Purchase of plant and equipment and intangibles

897

378

647

Total cash used

897

378

647

Net cash from / (used by) investing activities

(897)

(378)

(647)

FINANCING ACTIVITIES

Cash received

Other - contributed equity

737

411

846

Total cash received

737

411

846

Cash used

Principal payments of lease liabilities

1,527

-

-

Total cash used

1,527

-

-

Net cash from / (used by) financing activities

(790)

411

846

Net increase / (decrease) in cash held

(82)

129

-

Cash and cash equivalents at the beginning of the reporting period

289

160

160

Cash and cash equivalents at the end of the reporting period

3.1A

207

289

160

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

1 Original Budget reflects the figures in the 2019-20 Portfolio Budget Statements (PBS).

Budget Variances Commentary - Cash Flow Statement

Affected line items

Explanation of major variances

Operating activities

Appropriations (cash received)

Appropriation received was higher than budget due to increased supplier expenses surrounding contractor utilisation and the timing of project based activities within the agency.

Operating activities

GST received

GST received is higher than budget due to increase in supplier expenses which has resulted in TEQSA paying more GST during the financial year.

Operating activities

Other (cash received)

Other cash receipts was higher than budget due to revenue collected from ticket sales for the TEQSA 2019 Conference.

Operating activities

Suppliers

Cash paid to suppliers has exceeded budget due to higher than anticipated costs associated with contractors and the timing of project based activities within the agency. This is reflected in the higher than anticipated appropriation received.

Operating activities

GST paid

GST paid is lower than budget as majority of TEQSA miscellaneous receipts do not attract GST.

Operating activities

Other - section 74 receipts transferred to OPA

Section 74 receipts is higher than budget due to increase in miscellaneous receipts during the year.