Statement of Cash Flows

Operating, investing and financing cash flows for the year ended 30 June 2024.

Actual 2023 ($000)

Cash flows

Actual 2024 ($000)

Unaudited budget 2024 ($000)

Unaudited forecast 2025 ($000)

Cash flows from operating activities

$726,480

Receipts from the Crown

$784,391

$718,441

$754,638

$7,986

Receipts from other revenue

$5,037

$7,862

$8,187

$(389,256)

Payments to employees

$(435,365)

$(449,120)

$(468,355)

$(219,088)

Payments to suppliers

$(216,863)

$(206,664)

$(215,302)

$(23,107)

Payments for capital charge

$(22,245)

$(22,168)

$(22,190)

$1,738

Goods and services tax (net)

$2,813

$2,215

$104,753

Net cash flow from operating activities

$112,142

$48,352

$59,193

Cash flows from investing activities

$612

Receipts from sale of property, plant and equipment

$792

$(23,035)

Purchases of property, plant and equipment

$(21,955)

$(24,800)

$(22,900)

$(14,262)

Purchases of intangible assets

$(13,864)

$(18,102)

$(37,100)

$(36,685)

Net cash flow from investing activities

$(35,027)

$(42,902)

$(60,00)

Cash flows from financing activities

$2,700

Capital injections

$800

$(52,266)

Repayment of surplus to the Crown

$41,219

$(11,900)

Capital withdrawals

$(5,500)

$(61,466)

Net cash flow from financing activities

$(46,719)

$(5,500)

$(800)

$(6,602)

Net increase or (decrease) in cash and cash equivalents

$30,396

$(50)

$(7)

$46,663

Cash and cash equivalents at the beginning of the year

$53,265

$45,115

$45,072

$53,265

Cash and cash equivalents at the end of the year

$83,661

$45,065

$28,987

Net surplus

$24,509

Add or (less) non-cash items

$48,596

Amortisation, depreciation and impairment

$48,236

$54,990

$62,300

$12,232

Movement in fair value of derivative financial instruments

$25

$(15,522)

$60,828

Total non-cash items

$48,261

$54,990

$46,778

Add items classified as investing or financing activities

139

Net loss or (gain) on disposal of property, plant and equipment and intangible assets

$186

$139

Total items classified as investing or financing activities

$186

Add or (less) working capital movements

$(50)

(Increase) or decrease in debtor Crown

$41,134

$(11,276)

$6,213

$5,372

(Increase) or decrease in debtors and prepayments

$(119)

$4,031

$582

$3,241

Increase or (decrease) in creditors and other payables

$(508)

$4,117

$(8,942)

$5,555

Increase or (decrease) in employee entitlements

$(1,269)

$4,699

$(2,684)

$681

Increase or (decrease) in provision for other liabilities

$(52)

$25

$(188)

$14,799

Net movements in working capital items

$39,186

$(6,638)

$(12,415)

$104,753

Net cash flow from operating activities

$112,142

$48,352

$59,193

Movement in liability arising from financing activities

$(11,047)

Increase or (decrease) in surplus payable to the Crown liability

$(16,684)

$(11,047)

Total movement in liability arising from financing activities

$(16,684)

Non-cash item

$(41,219)

Surplus payable to the Crown

$(24,534)

$(41,219)

Total non-cash item

$(24,534)

Add or (less) owner's injection and withdrawal

$2,700

Capital contribution

$(11,900)

Capital withdrawal

$(5,500)

$(9,200)

Net owner’s injection and withdrawal

$(5,500)

$(61,466)

Net cash flows from financing activities

$(46,719)

The accompanying accounting policies and notes form part of these financial statements.