Statement of cash flows

for the year ended 30 June 2014

Annual Report 2013/14.

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.

Notes Actual
2013/14
Actual
2012/13
Main
Estimates
2013/14
Supplementary
Estimates
2013/14
Main
Estimates
2014/15
$000 $000 $000* $000* $000*
Cash flows from operating activities
Receipts from the Crown 10,120 10,080 10,080 10,120 10,080
Receipts from public entities1 40,136 41,980 39,345 40,477 46,031
Payments to suppliers1 (10,468) (12,089) (10,315) (12,182) (15,653)
Payments to employees (37,691) (38,571) (37,398) (36,246) (37,971)
Net GST paid2 (128) 113 - - -
Capital charge paid (498) (366) (498) (498) (498)
Net cash flow from (used in) operating activities 15 1,471 1,147 1,214 1,671 1,989
Cash flows from investing activities
Receipts from sale of plant and equipment 103 152 65 39 86
Purchase of plant and equipment (755) (3,426) (617) (927) (707)
Purchase of intangible assets (273) (372) (200) (392) (200)
Net cash flow from (used in) investing activities (925) (3,646) (752) (1,280) (821)
Cash flows from financing activities
Surplus repayment to the Crown (929) (1,449) (480) (929) -
Capital contribution - 2,200 - - -
Net cash flow from (used in) financing activities (929) 751 (480) (929) -
Total net increase (decrease) in cash held (383) (1,748) (18) (538) 1,168
Cash at the beginning of the year 3,731 5,479 4,533 3,733 3,195
Cash at the end of the year 3,348 3,731 4,515 3,195 4,363

1: 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.

2: 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.

* All Estimates information is unaudited.

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