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Cash Flow Statement

Defence Service Homes Insurance Scheme
CASH FLOW STATEMENT

for the period ended 30 June 2018

    2018 2017 Original
Budget
2018
  Notes $'000 $'000 $'000
OPERATING ACTIVITIES        
Cash received        
Premiums received   43,000 42,762 44,000
Commissions received   2,888 2,818 3,000
Interest   1,613 1,252 1,000
Net GST received   224
Receipts from Government   120 120 120
Reinsurance and other recoveries   1,902 507
Total cash received   49,747 47,459 48,120
         
Cash used        
Claim payments   30,780 28,392 27,200
Employees   3,411 3,632 3,900
Suppliers   4,113 2,651 2,100
Fire brigade and emergency services contributions   1,482 1,143 1,400
Reinsurance premiums   6,890 7,055 7,000
Net GST paid   235
Acquisition costs   387 366 400
Total cash used   47,063 43,474 42,000
Net cash from/(used by) operating activities   2,684 3,985 6,120
         
INVESTING ACTIVITIES        
Cash received        
Investments realised   24,364 32,592
Total cash received   24,364 32,592
         
Cash used        
Purchase of investments   26,492 36,106 5,000
Total cash used   26,492 36,106 5,000
Net cash from/ (used by) investing activities   (2,128) (3,514) (5,000)
         
Net increase in cash held   556 471 1,120
Cash and cash equivalents at the beginning of the reporting period   2,642 2,171 2,391
Cash and cash equivalents at the end of the reporting period 2.1A 3,198 2,642 3,511

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

For budgetary reporting information refer to Note 7. Budget figures are as per the original PBS.

The cash related to investing activities was disclosed on a net basis in the 2016-17 financial statements.

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