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Administered cash flow statement for the period ended 30 June 2018



 
 

2018
$’000

2017
$’000

2018
Budget $’000

Operating Activities

       

Cash used

       

Employees

 

33,342

63,215

65,369

Total cash used

 

33,342

63,215

65,369

Net cash used by operating activities

 

(33,342)

(63,215)

(65,369)

         

Net decrease in cash held

 

(33,342)

(63,215)

(65,369)

         

Cash and cash equivalents at the beginning of the reporting period

 

-

-

-

         

Cash from Official Public Account

Appropriations

 

33,342

63,215

65,369

Total cash from Official Public Account

 

33,342

63,215

65,369

         

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 below budget due to Parliamentarians’ remuneration being funded from 1 January 2018 by the Parliamentary Business Resources Act 2017, which is reported by the Department of Finance.

Employees
$32,027,000 lower than budget

 

Last reviewed: 
18 October 2018