The Statement of Cash Flows (2023)

Operating, investing and financing cash flows for the year ended 30 June 2023.

Actual 2022 ($000)

Cash flows

Actual 2023 ($000)

Unaudited budget 2023 ($000)

Unaudited forecast 2024 ($000)

Cash flows from operating activities

$654,762

Receipts from the Crown

$726,480

$712,459

$718,441

$20,461

Receipts from other revenue

$7,986

$18,354

$7,862

$(404,536)

Payments to employees

$(389,256)

$(369,625)

$(449,120)

$(232,516)

Payments to suppliers

$(219,088)

$(264,445)

$(206,664)

$(24,248)

Payments for capital charge

$(23,107)

$(23,622)

$(22,168)

$1,577

Goods and services tax (net)

$1,738

$15,500

Net cash flow from operating activities

$104,753

$73,122

$48,352

Cash flows from investing activities

Receipts from sale of property, plant and equipment

$612

$(4,505)

Purchases of property, plant and equipment

$(23,035)

$(21,900)

$(24,800)

$(33,000)

Purchases of intangible assets

$(14,262)

$(30,725)

$(18,102)

$(37,505)

Net cash flow from investing activities

$(36,685)

$(52,625)

$(42,902)

Cash flows from financing activities

$122,560

Capital injections

$2,700

$(5,583)

Repayment of surplus to the Crown

$(52,266)

$(23,200)

$(119,200)

Capital withdrawals

$(11,900)

$(5,500)

$(2,223)

Net cash flow from financing activities

$(61,466)

$(20,500)

$(5,500)

$(24,228)

Net increase or (decrease) in cash and cash equivalents

$6,602

$(3)

$(50)

$70,891

Cash and cash equivalents at the beginning of the year

$46,663

$45,068

$45,115

$46,663

Cash and cash equivalents at the end of the year

$53,265

$45,065

$52,374

Net surplus

$28,987

Add or (less) non-cash items

$49,537

Amortisation, depreciation and impairment

$48,596

$85,772

$54,990

$(108)

Movement in fair value of derivative financial instruments

$12,232

$49,429

Total non-cash items

$60,828

$85,772

$54,990

Add items classified as investing or financing activities

$213

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

$139

$213

Total items classified as investing or financing activities

$139

Add or (less) working capital movements

$(61,813)

(Increase) or decrease in debtor Crown

$(50)

$(16,697)

$(11,276)

$(1,375)

(Increase) or decrease in debtors and prepayments

$5,372

$820

$4,031

$8,476

Increase or (decrease) in creditors and other payables

$3,241

$412

$4,117

$(31,580)

Increase or (decrease) in employee entitlements

$5,555

$2,786

$4,699

$(224)

Increase or (decrease) in provision for other liabilities

$681

$29

$25

$(86,516)

Net movements in working capital items

$14,799

$(12,650)

$(6,638)

$15,500

Net cash flow from operating activities

$104,752

$73,122

$48,352

Movements in liability arising from financing activities for the year ended 30 June 2023.
Actual 2022 ($000)	Movement in liability arising from financing activities	Actual 2023 ($000)
$46,683	Increase or (decrease) in surplus payable to the Crown liability	$(11,047)
$46,683	Total movement in liability arising from financing activities	$(11,047)
Non-cash item
$(52,266)	Surplus payable to the Crown	$(41,219)
$(52,266)	Total non-cash item	$(41,219)
Add or (less) owner's injection and withdrawal
$122,560	Capital contribution	$2,700
$(119,200)	Capital withdrawal	$(11,900)
$3,360	Net owner’s injection and withdrawal	$(9,200)
$(2,223)	Net cash flows from financing activities	$(61,466)

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