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Statement of cash flows for the year ended 30 June 2016

Statement of cash flows

for the year ended 30 June 2016

 

 

Actual  2015

Budget* 2016

Revised Budget* 2016

Actual 2016

Forecast* 2017

$000

$000

$000

$000

$000

Cash flows from operating activities

 

 

 

 

 

Receipts from the Crown

26,215

17,340

17,872

17,872

15,722

Receipts from other departments/third parties

1,130

1,577

1,358

1,323

918

Payments to employees

 (11,005)

 (11,355)

 (10,756)

 (11,095)

 (10,925)

Payments to suppliers

 (14,182)

 (6,941)

 (8,401)

 (7,076)

 (5,176)

Goods and services tax (net)

 174

-

-

 ( 29)

-

Payments for capital charge

 ( 116)

 ( 116)

 ( 116)

 ( 116)

 ( 116)

Net cash flows from operating activities

2,216

505

 ( 43)

 879

423

Cash flows from investing activities

     

 

 

Purchase of property, plant and equipment

 ( 97)

 ( 960)

 ( 260)

 ( 259)

 ( 390)

Receipts from sale property, plant and equipment

 2

-

-

-

-

Purchase of intangible assets

 ( 75)

 ( 40)

 ( 90)

 ( 74)

 ( 40)

Net cash flows from investing activities

 (170)

 (1,000)

 (350)

 (333)

 (430)

Cash flows from financing activities

     

 

 

Repayment of surplus

 (664)

 (150)

 (1,436)

 (1,435)

 ( 650)

Net cash flows from financing activities

 (664)

 (150)

 (1,436)

 (1,435)

 ( 650)

Net increase/(decrease) in cash held

1,382

 (645)

 (1,829)

 (889)

 ( 657)

Cash at the beginning of year

2,951

2,745

2,745

4,333

3,173

Cash at the end of year

4,333

2,100

916

3,444

2,516

 

*The statement of accounting policies provides explanations of these figures which are not subject to audit.

 

Explanations of major variances against budget are provided in note 13.

The accompanying notes form part of these financial statements.


Updated on 16th March 2017