Statement of cash flows

for the year ended 30 June 2012

Annual Report 2011/12

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
2011
$000
Notes Actual 2012
$000
Supp.
Estimates
2012
$000
Main
Estimates
2012
$000
Cash flows from operating activities
10,000 Receipts from the Crown 10,045 10,045 10,000
37,310 Receipts from public entities* 42,821 41,961 43,015
(5,412) Payments to suppliers * (6,991) (9,583) (10,043)
(34,381) Payments to employees (36,616) (37,268) (37,459)
(4,891) Net GST paid** (5,851) (4,178) (4,205)
(269) Capital charge paid (322) (322) (269)
2,357 Net cash flow from operating activities 15 3,086 655 1,039
 
Cash flows from investing activities
83 Receipts from sale of plant and equipment 172 72 92
(777) Purchase of plant and equipment (948) (722) (950)
(75) Purchase of intangible assets (198) (430) (850)
(769) Net cash flow from (used in) investing activities (974) (1,080) (1,708)
 
Cash flows from financing activities
(2,014) Surplus repayment to the Crown (916) (916) 0
500 Capital contribution 0 0 2,200
(1,514) Net cash flow from (used in) financing activities (916) (916) 2,200
74 Total net increase (decrease) in cash held 1,196 (1,341) 1,531
4,209 Cash at the beginning of the year 4,283 4,283 2,848
4,283 Cash at the end of the year 5,479 2,942 4,379

* 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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