Statement of cash flows

For the year ended 30 June 2021.

Actual
2020
($000)

Notes

Actual
2021
($000)

Unaudited budget
2021
($000)

Unaudited forecast
2022
($000)

Cash flows from operating activities

$768,411

Receipts from the Crown

$749,707

$869,553

$874,519

$22,079

Receipts from other revenue

$21,837

$21,337

$17,613

$(419,553)

Payments to employees

$(406,089)

$(486,799)

$(415,541)

$(292,997)

Payments to suppliers

$(242,029)

$(321,371)

$(406,500)

$(23,363)

Payments for capital charge

$(23,110)

$(26,967)

$(25,241)

$5,499

Goods and services tax (net)

$(5,766)

$(720)

$60,076

Net cash flow from operating activities

$94,550

$55,033

$44,852

Cash flows from investing activities

$177

Receipts from sale of property, plant and equipment

$433

–

$(7,411)

Purchases of property, plant and equipment

$(3,252)

$(9,000)

$(13,000)

$(111,631)

Purchases of intangible assets

$(62,981)

$(204,112)

$(149,560)

$(118,865)

Net cash flow from investing activities

$(65,800)

$(213,112)

$(162,560)

Cash flows from financing activities

$103,000

Capital injections

$32,623

$154,168

$122,560

$(13,606)

Repayment of surplus to the Crown

$(53,444)

$(10,861)

$(5,000)

$(34,627)

Capital withdrawals

–

$54,767

Net cash flow from financing activities

$(20,821)

$143,307

$117,560

$(4,022)

Net increase/(decrease) in cash and cash equivalents

$7,929

$(14,772)

$(148)

$66,984

Cash and cash equivalents at the beginning of the year

$62,962

$57,012

$40,835

$62,962

Cash and cash equivalents at the end of the year

$70,891

$42,240

$40,687

$54,946

Net surplus

$5,485

–

Add/(less) non-cash items

$66,989

Amortisation, depreciation and impairment

$56,478

$66,945

$60,515

$(1,502)

Movement in fair value of derivative financial instruments

$98

$65,487

Total non-cash items

$56,576

$66,945

$60,515

Add items classified as investing or financing activities

$651

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

$(120)

–

$651

Total items classified as investing or financing activities

$(120)

–

Add/(less) working capital movements

$(83,631)

(Increase)/decrease in debtor Crown

$38,900

$(8,321)

$(6,817)

$1,386

(Increase)/decrease in debtors and prepayments

$552

$(2,587)

$(614)

$2,683

Increase/(decrease) in creditors and other payables

$(17,307)

$3,419

$(3,554)

$16,794

Increase/(decrease) in employee entitlements

$12,645

$(4,242)

$(3,937)

$1,760

Increase/(decrease) in provision for other liabilities

$(2,181)

$(181)

$(741)

$(61,008)

Net movements in working capital items

$32,609

$(11,912)

$(15,663)

$60,076

Net cash flow from operating activities

$94,550

$55,033

$44,852

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