Statement of cash flows

Annual Report 2010/11.

for the year ended 30 June 2011

This statement summarises the cash movements in and out of the Office during the year. It takes no account of money owed to the Office or owing by the Office, and therefore differs from the statement of comprehensive income.

Actual 2010 $000   Notes Actual 2011 $000 Supp. Estimates 2011 $000 Main Estimates 2011 $000
  Cash flows from operating activities        
9,859 Receipts from the Crown   10,000 10,000 9,948
36,927 Receipts from public entities*   37,310 38,062 35,923
144 Interest earned   0 0 0
(6,194) Payments to suppliers*   (5,412) (8,891) (7,031)
(34,198) Payments to employees   (34,381) (34,178) (33,367)
(4,403) Net GST paid**   (4,891) (3,714) (3,750)
(334) Capital charge paid   (269) (269) (302)
1,801 Net cash flow from operating activities 14 2,357 1,010 1,421
  Cash flows from investing activities        
120 Receipts from sale of plant and equipment   83 188 155
(676) Purchase of plant and equipment   (777) (917) (1,202)
(245) Purchase of intangible assets   (75) (128) (350)
(801) Net cash flow from (used in) investing activities   (769) (857) (1,397)
  Cash flows from financing activities        
(486) Surplus repayment to the Crown   (2,014) (2,014) (18)
- Capital contribution   500 500 500
(486) Net cash flow from (used in) financing activities   (1,514) (1,514) 482
514 Total net increase (decrease) in cash held   74 (1,361) 506
3,695 Cash at the beginning of the year   4,209 4,209 2,765
4,209 Cash at the end of the year   4,283 2,848 3,271

*The statement of cash flows does not include the contracted audit service provider audit fee revenue or expenditure, as these do not involve any cash transactions with the Office.

** The GST component of operating activities reflects the net GST paid to and received from the Inland Revenue Department. GST has been presented on a net basis, as the gross amounts do not provide meaningful information for financial statement purposes.

The accompanying notes form part of these financial statements.

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