Statement of Cash Flows
For the year ended 30 June 2004
| |
NOTE |
2004
$ 000 |
2003
$ 000 |
 |
| CASH FLOWS FROM STATE GOVERNMENT |
|
|
|
| Output appropriations |
|
121,848 |
373,665 |
| Capital contributions |
|
1,796 |
24,252 |
| Holding account drawdowns |
|
155 |
- |
|
|
|
| Net cash provided by State Government |
|
123,799 |
397,917 |
|
|
|
Utilised as follows: |
|
|
|
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
| Payments |
|
|
|
| Employee costs |
|
(68,915) |
(65,840) |
| Superannuation |
|
(6,643) |
(8,510) |
| Supplies and services |
|
(72,696) |
(73,352) |
| Borrowing costs |
|
(549) |
(17,935) |
| Grants and subsidies |
|
(41,695) |
(330,842) |
| Capital user charge |
|
(24,108) |
(15,297) |
| GST payments on purchases |
|
(11,879) |
(41,506) |
| Other payments |
|
(2,223) |
(14,301) |
Receipts |
|
|
|
| Sale of goods and services |
|
1,697 |
684 |
| User charges and fees |
|
51,421 |
117,234 |
| Grants and subsidies |
|
9,663 |
13,320 |
| Interest received |
|
486 |
841 |
| GST receipts on sales |
|
6,129 |
8,915 |
| GST receipts from taxation authority |
|
9,663 |
30,979 |
| Other receipts |
|
21,974 |
26,139 |
|
|
|
| Net cash used in operating activities |
32 |
(127,675) |
(369,471) |
|
|
|
CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
| Proceeds from sale of non-current physical assets |
|
49 |
3,070 |
| Purchase of non-current physical assets |
|
(11,374) |
(33,451) |
|
|
|
| Net cash used in investing activities |
|
(11,325) |
(30,381) |
|
|
|
CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
|
| Proceeds from borrowings |
|
- |
15,600 |
| Repayment of borrowings |
|
(2,524) |
(13,345) |
|
|
|
| Net cash provided by financing activities |
|
(2,524) |
2,255 |
|
|
|
| Net increase in cash held |
|
(17,725) |
320 |
| Cash assets at the beginning of the financial year |
|
42,949 |
36,158 |
| Cash assets transferred (to)/from other sources |
32 |
(3,961) |
6,471 |
|
|
|
| CASH ASSETS AT THE END OF THE FINANCIAL YEAR |
32 |
21,263 |
42,949 |
|
|
|
The Statement of Cash Flows should be read in conjunction with the accompanying notes
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