Administered cash flow statement for the period ended 30 June 2017

	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