Wreck Bay Aboriginal Community Council

ABN: 62 564 797 956

Cash Flow Statement

for the period ended 30 June 2020

Note

2020

2019

OPERATING ACTIVITIES

$

$

Cash received

Revenues from Government

5,565,006

1,978,017

Rendering of services

3,302,256

2,374,925

Interest

20,211

22,531

Total cash received

8,887,473

4,375,473

Cash used

Community grants

(97,959)

(93,331)

Employees

(3,083,551)

(2,447,341)

Suppliers

(1,935,777)

(1,248,549)

Net GST paid

(598,268)

(209,343)

Total cash used

(5,715,555)

(3,998,564)

Net cash from/(used by) operating activities

3,171,918

376,909

INVESTING ACTIVITIES

Cash received

Proceeds from sales of property, plant and equipment

-

2,273

Total cash received

-

2,273

Cash used

Purchase of property, plant & equipment

2.2A

(195,744)

(227,271)

Increase in term deposit

(19,809)

(12,668)

Total cash used

(215,553)

(239,939)

Net cash from/(used by) investing activities

(215,553)

(237,666)

Net increase/(decrease) in cash held

2,956,365

139,243

Cash and cash equivalents at the beginning of the reporting period

1,365,551

1,226,308

Cash and cash equivalents at the end of the reporting period

2.1A

4,321,916

1,365,551

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