Statement of cash flows (2022)

Operating, investing and financing cash flows for the year ended 30 June 2022.

Actual restated 2021 ($000)

Cash flows

Notes

Actual 2022 ($000)

Unaudited budget 2022 ($000)

Unaudited forecast 2023 ($000)

Cash flows from operating activities

$749,707

Receipts from the Crown

n/a

$654,762

$874,519

$712,459

$21,837

Receipts from other revenue

n/a

$20,461

$17,613

$18,354

$(406,378)

Payments to employees

n/a

$(404,536)

$(415,541)

$(461,333)

$(249,830)

Payments to suppliers

n/a

$(232,516)

$(406,500)

$(172,737)

$(23,110)

Payments for capital charge

n/a

$(24,248)

$(25,241)

$(23,622)

$(5,766)

Goods and services tax (net)

n/a

$1,577

$86,460

Net cash flow from operating activities

n/a

$15,500

$44,852

$73,122

Cash flows from investing activities

$433

Receipts from sale of property, plant and equipment

n/a

$(3,252)

Purchases of property, plant and equipment

n/a

$(4,505)

$(13,000)

$(21,900)

$(54,891)

Purchases of intangible assets

n/a

$(33,000)

$(149,560)

$(30,725)

$(57,710)

Net cash flow from investing activities

n/a

$(37,505)

$(162,560)

$(52,625)

Cash flows from financing activities

$32,623

Capital injections

n/a

$122,560

$2,700

$(53,444)

Repayment of surplus to the Crown

n/a

$(5,583)

$(5,000)

$(23,200)

n/a

Capital withdrawals

n/a

$(119,200)

n/a

$(20,821)

Net cash flow from financing activities

n/a

$(2,223)

$117,560

$(20,500)

$7,929

Net increase or (decrease) in cash and cash equivalents

n/a

$(24,228)

$(148)

$(3)

$62,962

Cash and cash equivalents at the beginning of the year

n/a

$70,891

$40,835

$45,068

$70,891

Cash and cash equivalents at the end of the year

n/a

$46,663

$40,687

$45,065

$1,898

Net surplus

n/a

$52,374

n/a

Add or (less) non-cash items

$51,975

Amortisation, depreciation and impairment

n/a

$49,537

$60,515

$85,772

$98

Movement in fair value of derivative financial instruments

n/a

$(108)

n/a

$52,073

Total non-cash items

n/a

$49,429

$60,515

$85,772

Add items classified as investing or financing activities

$(120)

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

n/a

$213

n/a

$(120)

Total items classified as investing or financing activities

n/a

$213

n/a

Add or (less) working capital movements

$38,900

(Increase) or decrease in debtor Crown

n/a

$(61,813)

$(6,817)

$(16,697)

$552

(Increase) or decrease in debtors and prepayments

n/a

$(1,375)

$(614)

$820

$(17,307)

Increase or (decrease) in creditors and other payables

n/a

$8,476

$(3,554)

$412

$12,645

Increase or (decrease) in employee entitlements

n/a

$(31,580)

$(3,937)

$2,786

$(2,181)

Increase or (decrease) in provision for other liabilities

n/a

$(224)

$(741)

$29

$32,609

Net movements in working capital items

n/a

$(86,516)

$(15,663)

$(12,650)

$86,460

Net cash flow from operating activities

n/a

$15,500

$44,852

$73,122

Movements in liability arising from financing activities for the year ended 30 June 2022.
Actual 2021 ($000)	Movement in liability arising from financing activities	Actual 2022 ($000)
$(47,861)	Increase or (decrease) in surplus payable to the Crown liability	$46,683
$(47,861)	Total movement in liability arising from financing activities	$46,683
Non-cash item
$(5,583)	Surplus payable to the Crown	$(52,266)
$(5,583)	Total non-cash item	$(52,266)
Add or (less) owner's injection and withdrawal
$32,623	Capital contribution	$122,560
n/a	Capital withdrawal	$(119,200)
$32,623	Net owner’s injection and withdrawal	$3,360
$(20,821)	Net cash flows from financing activities	$(2,223)

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