Department of Veterans' Affairs Cash Flow Statement

for the period ended 30 June 2013

Cash Flow Statement
    2013 2012
  Notes $'000 $'000
OPERATING ACTIVITIES      
Cash received      
Appropriations   304,405 342,215
Rendering of services   10,456 8,935
Net premium revenue   34,992 30,762
Insurance agency revenue received   2,604 2,324
Reinsurance and other recoveries   2,584 18,942
Net GST received   11,563 15,547
Total cash received   366,604 418,725
Cash used      
Employees   194,500 188,310
Supplier   114,125 148,909
Income tax expense - competitive neutrality   93 63
Claim payments   27,840 36,858
Reinsurance premiums   7,225 5,999
Acquisition costs   493 490
Fire brigade and emergency services contributions   2,719 2,373
Section 31 receipts transferred to the Official Public Account   8,539 8,927
Total cash used   355,534 391,929
Net cash from operating activities 10 11,070 26,796
INVESTING ACTIVITIES      
Cash received      
Investments realised   9,300 12,600
Total cash received   9,300 12,600
Cash used      
Purchase of leasehold improvements   2,499 8,783
Purchase of property, plant and equipment   240 6,914
Purchase of intangibles   31,154 36,404
Purchase of investments   6,000 14,600
Total cash used   39,893 66,701
Net cash used by investing activities   (30,593) (54,101)
FINANCING ACTIVITIES      
Cash received      
Contributed equity   21,450 25,463
Total cash received   21,450 25,463
Net cash from financing activities   21,450 25,463
Net increase (decrease) in cash held   1,927 (1,842)
Cash and cash equivalents at the beginning of the reporting period   2,851 4,693
Cash and cash equivalents at the end of the reporting period 6A 4,778 2,851

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

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