Note 14: Reconciliation of surplus to net cash flow from operating activities

Annual Report for the year ended 30 June 2008.

This reconciliation discloses the non-cash adjustments applied to the surplus reported in the Statement of financial performance on page 83, to arrive at the net cash flow from operating activities disclosed in the Statement of cash flows on page 86.

Actual
2007
$000
Actual
2008
$000
285 Surplus 285
  Non-cash items
1,154 Depreciation and amortisation 1,173
1,154 Total non-cash Items 1,173
  Working capital movements
(27) (Increase)/decrease in prepayments 189
(593) (Increase)/decrease in receivables (352)
(147) (Increase)/decrease in work in progress (759)
1,395 (Decrease)/increase in payables (729)
(432) (Decrease)/increase in employee entitlements 686
- (Decrease)/increase in property lease liabilities -
196 Total net working capital movements (965)
  Investing activity items  
(23) Loss/(profit) on sale of plant and equipment (10)
- Loss/(profit) on sale of intangible assets 31
(23) Total net investing activity items 21
  Other items  
255 Increase/(decrease) in non-current employee entitlements (62)
255 Total other items (62)
1,867 Net cash flow from operating activities 452
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