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.