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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