| Notes | 2016 $'000 |
2015 $'000 |
2016 Budget $'000 |
|
|---|---|---|---|---|
| Operating Activities | ||||
| Cash received | ||||
| Appropriations | 23,683 | 21,324 | 20,647 | |
| Sale of goods and rendering of services | 20,347 | 25,378 | 20,244 | |
| Net GST received | 1,261 | 1,297 | 2,459 | |
| Other cash received | 1,067 | 512 | - | |
| Total cash received | 46,358 | 48,511 | 43,350 | |
| Cash used | ||||
| Employees | 27,915 | 27,327 | 26,086 | |
| Suppliers | 17,022 | 16,290 | 16,406 | |
| Section 74 receipts transferred to OPA | 1,000 | 3,350 | - | |
| Other cash used | 482 | 650 | - | |
| Total cash used | 46,419 | 47,617 | 42,492 | |
| Net cash from / (used by) operating activities | 4.3 | (61) | 894 | 858 |
| Investing Activities | ||||
| Cash used | ||||
| Purchase of property, plant and equipment | 249 | 187 | 255 | |
| Purchase of intangibles | 414 | 237 | 827 | |
| Other cash used | - | - | 193 | |
| Total cash used | 663 | 424 | 1,275 | |
| Net cash used by investing activities | (663) | (424) | (1,275) | |
| Financing Activities | ||||
| Cash received | ||||
| Contributed equity | 417 | 422 | 417 | |
| Total cash received | 417 | 422 | 417 | |
| Net cash from financing activities | 417 | 422 | 417 | |
| Net increase/(decrease) in cash held | (307) | 892 | - | |
| Cash and cash equivalents at the beginning of the reporting period | 1,382 | 490 | 450 | |
| Cash and cash equivalents at the end of the reporting period | 1,075 | 1,382 | 450 | |
Budget Variances Commentary
| Explanation of variances over $1,000,000 | Affected line items |
|---|---|
| Appropriation receipts are higher than budget due to 27 pays occurring during the year, with a higher level of appropriations being drawn down, and the transfer and then redraw of section 74 receipts during the year due to fluctuating cash levels. | Appropriations $3,036,000 higher than budget |
| Payments to employees are higher than budget due to 27 pays occurring during the year and restructuring costs incurred during the year. | Employees $1,829,000 higher than budget |
| The level of section 74 receipts transferred to the OPA varies according to the cash levels at the time of receipt. | Section 74 receipts transferred to OPA $1,000,000 higher than budget |
The above statement should be read in conjunction with the accompanying notes.