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Cash Flow Statement

Defence Service Homes Insurance Scheme
Cash Flow Statement

for the period ended 30 June 2017

    2017 2016 Original
Budget
2017
  Notes $'000 $'000 $'000
OPERATING ACTIVITIES        
Cash received        
Premiums received   42,762 42,144 42,000
Commissions received   2,818 2,851 2,801
Interest   1,252 856 1,000
Net GST received   - 122 -
Receipts from Government   120 120 120
Reinsurance and other recoveries   507 2,560 -
Total cash received   47,459 48,653 45,921
         
Cash used        
Claim payments   28,392 29,986 28,000
Employees   3,632 3,225 3,900
Suppliers   2,651 2,668 2,100
Fire brigade and emergency services contributions   1,143 1,527 1,600
Reinsurance premiums   7,055 7,441 7,500
Net GST paid   235 - -
Acquisition costs   366 425 -
Total cash used   43,474 45,272 43,100
Net cash from/(used by) operating activities   3,985 3,381 2,821
         
INVESTING ACTIVITIES        
Cash received        
Investments realised   6,563 6,344 -
Total cash received   6,563 6,344 -
         
Cash used        
Purchase of investments   10,077 9,966 2,800
Total cash used   10,077 9,966 2,800
Net cash from/ (used by) investing activities   (3,514) (3,622) (2,800)
         
Net increase in cash held   471 (241) 21
Cash and cash equivalents at the beginning of the reporting period   2,171 2,412 2,433
Cash and cash equivalents at the end of the reporting period 2.1A 2,642 2,171 2,454

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

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