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 |