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Cash flow statement for the period ended 30 June 2018



 

Notes

2018
$’000

2017
$’000

2018
Budget
$’000

Operating Activities

       

Cash received

       

Appropriations

 

28,786

22,942

22,811

Sale of goods and rendering of services

 

22,011

20,880

19,002

GST received

 

1,976

1,235

1,713

Other cash received

 

1,025

869

627

Total cash received

 

53,798

45,926

44,153

         

Cash used

       

Employees

 

26,518

27,481

25,572

Suppliers

 

18,439

18,139

17,967

Section 74 receipts transferred to OPA

 

1,000

-

-

Other cash used

 

320

119

-

Total cash used

 

46,277

45,739

43,539

Net cash from operating activities

 

7,521

187

614

         

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

 

7,409

260

372

Purchase of intangibles

 

849

680

517

Other cash used

 

-

-

139

Total cash used

 

8,258

940

1,028

Net cash used by investing activities

 

(8,258)

(935)

(1,028)

         

FINANCING Activities

       

Cash received

       

Contributed equity

 

414

567

414

Total cash received

 

414

567

414

Net cash from financing activities

 

414

567

414

         

Net increase/(decrease) in cash held

 

(323)

(181)

-

Cash and cash equivalents at the beginning of the reporting period

 

894

1,075

750

Cash and cash equivalents at the end of the reporting period

 

571

894

750

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, mainly due to office fit-out works.

Appropriations
$5,975,000 higher than budget

Sale of goods and rendering of services is higher than budget as the level of learning and development activities is higher than budget, combined with higher customer prepayments.

Sale of goods and rendering of services
$3,009,000 higher than budget

Purchase of property, plant and equipment is higher than budget due to major fit-out works which were approved after the publishing of the 2018 budget.

Purchase of property, plant and equipment
$7,037,000 higher than budget

 

Last reviewed: 
18 October 2018