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Cash flow statement

WINE AUSTRALIA

CASH FLOW STATEMENT

for the year ended 30 June 2020

Actuals

Actuals

Budget

2020

2019

2020

Notes

$

$

$

OPERATING ACTIVITIES

Cash received

Australian Government matching contributions

14,913,784

13,058,227

13,500,000

Other receipts from Government

28,994,460

16,703,943

26,400,000

Industry contributions

18,749,541

19,726,954

19,532,000

Sale of goods and rendering of services

7,263,046

10,849,721

6,850,000

Rental income

172,685

203,500

-

Interest

199,768

507,153

189,000

Research and development contributions and refunds

1,056,904

1,322,764

-

Net GST received

1,740,971

2,296,461

3,530,000

Other receivables

1,475

4,325

-

Total cash received

73,092,634

64,673,048

70,001,000

Cash used

Employees

(12,766,433)

(12,269,428)

(13,306,000)

Suppliers

(19,076,357)

(25,525,782)

(22,026,000)

Expenditure on research and development contracts and other grants

(38,193,921)

(30,187,821)

(34,295,000)

Total cash used

(70,036,711)

(67,983,031)

(69,627,000)

Net cash used by operating activities

3,055,923

(3,309,983)

374,000

INVESTING ACTIVITIES

Cash received

Proceeds from sales of property, plant and equipment

470

5,904

-

Proceeds from investments

27,095,586

31,594,661

12,000,000

Total cash received

27,096,056

31,600,565

12,000,000

Cash used

Purchase of plant and equipment

(10,867)

(36,503)

(150,000)

Purchase of leasehold improvements

-

(94,216)

-

Purchase of intangibles

(1,184,225)

(2,300,510)

(2,000,000)

Purchase of investments

(27,107,327)

(25,371,373)

(11,937,000)

Total cash used

(28,302,419)

(27,802,602)

(14,087,000)

Net cash from investing activities

(1,206,363)

3,797,963

(2,087,000)

Net decrease in cash held

1,849,560

487,980

(1,713,000)

Cash and cash equivalents at the beginning of the reporting period

3,144,006

2,656,026

5,054,000

Cash and cash equivalents at the end of the reporting period

2.1A

4,993,566

3,144,006

3,341,000

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

Commentary on budget variances has been included in Other information within the Notes.

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