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Cash Flow Statement

Department of Veterans' Affairs
Cash Flow Statement

for the period ended 30 June 2018

    2018 2017 Original
Budget
  Notes $'000 $'000 $'000
OPERATING ACTIVITIES        
Cash received        
Appropriations   346,756 293,782 382,436
Rendering of services   7,197 8,300 51,995
Net premium revenue   43,000 42,762
Insurance agency revenue received   2,888 2,818 4,000
Reinsurance and other recoveries   1,902 507
Interest   1,613 1,252
GST received   11,505 8,045 9,910
Total cash received   414,861 357,466 448,341
Cash used        
Employees   199,927 195,517 190,481
Suppliers   155,595 131,566 207,447
Income tax paid — competitive neutrality   372 268
Claim payments   30,780 28,392 36,000
Reinsurance premiums   6,890 7,055
Acquisition costs   387 366
Fire brigade and emergency services contributions   1,482 1,143
Section 74 receipts transferred to the Official Public Account   6,330 7,222 8,207
Total cash used   401,763 371,529 442,135
Net cash from / (used by) operating activities   13,098 (14,063) 6,206
         
INVESTING ACTIVITIES        
Cash received        
Investments realised   24,364 6,563
Total cash received   24,364 6,563
Cash used        
Purchase of leasehold improvements   9,762 825
Purchase of property, plant and equipment   175 318
Purchase of intangibles   25,632 15,422 25,443
Purchase of investments   26,492 10,077 5,000
Total cash used   62,061 26,642 30,443
Net cash used by investing activities   (37,697) (20,079) (30,443)
         
FINANCING ACTIVITIES        
Cash received        
Contributed equity   26,160 32,844 25,443
Total cash received   26,160 32,844 25,443
Net cash from financing activities   26,160 32,844 25,443
         
Net increase/(decrease) in cash held   1,561 (1,298) 1,206
Cash and cash equivalents at the beginning of the reporting period   6,413 7,711 4,467
Cash and cash equivalents at the end of the reporting period 3.1A 7,974 6,413 5,673

The above statement should be read in conjunction with the accompanying notes.

For budgetary reporting information refer to Note 8.1.

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