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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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