| 2017 $’000 |
2016 $’000 |
2017 Budget $’000 |
|
|---|---|---|---|
| Operating Activities | |||
| Cash used | |||
| Employees | 63,215 | 60,190 | 64,404 |
| Total cash used | 63,215 | 60,190 | 64,404 |
| Net cash used by operating activities | (63,215) | (60,190) | (64,404) |
| Net decrease in cash held | (63,215) | (60,190) | (64,404) |
| Cash and cash equivalents at the beginning of the reporting period | - | - | - |
| Cash from Official Public Account | |||
| Appropriations | 63,215 | 60,190 | 64,404 |
| Total cash from Official Public Account | 63,215 | 60,190 | 64,404 |
| Cash and cash equivalents at the end of the reporting period | - | - | - |
The above statement should be read in conjunction with the accompanying notes.
Budget variances commentary
| Explanation of major variances | Affected line items |
|---|---|
| Payments are within 2 per cent of budget. | Employees $1,189,000 lower than budget |