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).
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. |
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https://www.transparency.gov.au/annual-reports/tertiary-education-quality-and-standards-agency/reporting-year/2019-20-19