for the period ended 30 June 2017
| Notes | 2018 $'000 |
2017 $'000 |
Original Budget $'000 |
|
|---|---|---|---|---|
| OPERATING ACTIVITIES | ||||
| Cash received | ||||
| Appropriations | 4,204 | 4,490 | 3,996 | |
| Sales of goods and rendering of services | 220 | 242 | 240 | |
| Net GST receivable | 203 | 207 | - | |
| Other | 17 | 12 | - | |
| Total cash received | 4,644 | 4,951 | 4,236 | |
| Cash used | ||||
| Employees | 1,558 | 1,662 | 1,212 | |
| Suppliers | 3,088 | 3,351 | 3,024 | |
| Total cash used | 4,646 | 5,013 | 4,236 | |
| Net cash from (used by) operating activities | (2) | (61) | - | |
| INVESTING ACTIVITIES | ||||
| Cash used | ||||
| Purchase of property, plant and equipment | 24 | 80 | 60 | |
| Total cash used | 24 | 80 | 60 | |
| Net cash (used) by investing activities | (24) | (80) | (60) | |
| FINANCING ACTIVITIES | ||||
| Cash received | ||||
| Contributed Equity | 24 | 80 | 60 | |
| Total cash received | 24 | 80 | 60 | |
| Net cash from/(used by) financing activities | 24 | 80 | 60 | |
| Net increase/(decrease) in cash held | (2) | (62) | - | |
| Cash and cash equivalents at the beginning of the reporting period | 66 | 128 | 128 | |
| Cash and cash equivalents at the end of the reporting period | 2.1A | 64 | 66 | 128 |
The above statement should be read in conjunction with the accompanying notes.
Budget Variances Commentary
Cash Flow Statement for not-for-profit Reporting Entities
Appropriations and Cash and cash equivalents at the beginning of the reporting period variations relate to the PBS budget position being prepared prior to 2016-17 actual results being known.
Sale of goods and rendering of services - The PBS budget position was prepared prior to 2016-17 actual results being known for the estimated conference revenue, resulting in an overstated budget. The figures were revised in the 2018-19 PBS.
Cash received - GST and Other not included in budget estimation.
Cash used - the PBS budget figures did not reflect the correct allocation for employees, this was amended in the 2017-18 MYEFO round. The net increase reflects the employees and suppliers costs for staff leaving and associated temporary backfilling with contractors and replacement.
Cash used - purchase of Property plant and equip - decrease relates to only minimal purchases of assets during 2017-18 as most assets were relatively new.
Cash received - Contributed Equity - ASEA only draws down funds for actual purchase. Refer cash used - Property plant and equipment comment above.
