Cash flow statement for the period ended 30 June 2017

Notes	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