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Cash Flow Statement

for the year ended 30 June 2020

2020

2019

Original Budget

Notes

$

$

$

OPERATING ACTIVITIES

Cash received

Appropriations

5,304,173

5,683,827

5,531,000

Section 74 (a)

308,427

208,867

Sales of goods and rendering of services

249,000

144,850

100,000

Net GST received (b)

408,771

154,610

-

Other

-

-

-

Total cash received

6,270,371

6,192,154

5,631,000

Cash used

Employees (c)

3,229,402

3,017,121

3,605,000

Suppliers (c)

2,582,199

2,886,938

2,026,000

Section 74 (a)

308,427

208,867

-

Total cash used

6,120,028

6,112,926

5,631,000

Net cash from operating activities

150,343

79,228

-

INVESTING ACTIVITIES

Cash used

Purchase of plant and equipment

147,242

67,331

-

Purchase of leasehold improvement

7,147

76,258

-

Purchase of intangibles

2,024,662

101,330

3,055,000

Total cash used

2,179,051

244,919

3,055,000

Net cash (used) by investing activities

(2,179,051)

(244,919)

(3,055,000)

FINANCING ACTIVITIES

Cash received

Departmental Capital Budget

2,014,294

249,000

3,055,000

2,014,294

249,000

3,055,000

Net cash from financing activities

2,014,294

249,000

3,055,000

Net decrease in cash held

(14,414)

83,309

-

Cash and cash equivalents at the beginning of the reporting period

264,029

180,720

180,000

Cash and cash equivalents at the end of the reporting period

5A

249,615

264,029

180,000

Budget variances

Variances are considered to be 'major' when the difference is greater than 10% or more than $50,000 or a lesser amount if pertinent to the understanding of the financial statements.

a) Section 74 receipts and expenses - not included in budget.

b) Net GST received - not included in budget.

c) Employees and Suppliers - reflects the variance in the Statement of Comprehensive Income.

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