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Cash flow statement for the period ended 30 June 2017

  Notes 2017
$’000
2016
$’000
2017 Budget
$’000
Operating Activities
Cash received
Appropriations   22,942 23,683 20,341
Sale of goods and rendering of services   20,880 20,347 19,830
Net GST received   1,235 1,261 1,509
Other cash received   869 1,067 754
Total cash received   45,926 46,358 42,434
Cash used
Employees   27,481 27,915 26,189
Suppliers   18,139 17,022 15,605
Section 74 receipts transferred to OPA   - 1,000 -
Other cash used   119 482 -
Total cash used   45,739 46,419 41,794
Net cash from / (used by) operating activities   187 (61) 640
Investing Activities
Cash received
Proceeds from sales of property, plant and equipment   5 - -
Total cash received   5 - -
Cash used
Purchase of property, plant and equipment   260 249 257
Purchase of intangibles   680 414 950
Total cash used   940 663 1,207
Net cash used by investing activities   (935) (663) (1,207)
Financing Activities
Cash received
Contributed equity   567 417 567
Total cash received   567 417 567
Net cash from financing activities   567 417 567
Net increase/(decrease) in cash held   (181) (307) -
Cash and cash equivalents at the beginning of the reporting period   1,075 1,382 450
Cash and cash equivalents at the end of the reporting period   894 1,075 450

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

Budget variances commentary

Explanation of major variances Affected line items
Appropriation receipts are higher than budget due to a higher level of supplier payments during the year. Appropriations
$2,601,000 higher than budget
Payments to suppliers are higher than budget due to higher levels of income generating activity than planned and earlier invoicing from suppliers. Suppliers
$2,534,000 higher than budget