Cash flow statement for the period ended 30 June 2018
|
Notes |
2018 |
2017 |
2018 |
|
|
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 |
| 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 |
| 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 |