Statement of cash flows
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 revenue and expense.
| Notes | Actual 2023/24 $000 |
Actual 2022/23 $000 |
Main Estimates 2023/24 $000* |
Supplementary Estimates 2023/24 $000* |
Main Estimates 2024/25 $000* |
|
|---|---|---|---|---|---|---|
| Cash flows from operating activities | ||||||
| Receipts from the Crown | 15,123 | 19,968 | 20,906 | 23,062 | 23,098 | |
| Receipts from public entities** | 72,758 | 53,786 | 62,946 | 69,109 | 66,761 | |
| Payments to suppliers** | (18,616) | (18,658) | (23,854) | (21,067) | (23,338) | |
| Payments to employees | (66,726) | (60,424) | (64,873) | (66,025) | (68,608) | |
| Net GST received/(paid)*** | 1,289 | 222 | - | (243) | - | |
| Capital charge paid | (1,231) | (751) | (1,231) | (1,231) | (1,618) | |
| Net cash flow from (used in) operating activities | 16 | 2,597 | (5,857) | (6,106) | 3,605 | (3,705) |
| Cash flows from investing activities | ||||||
| Receipts from sale of plant and equipment | 56 | 72 | - | - | - | |
| Purchase of plant and equipment | (816) | (1,657) | (2,671) | (2,856) | (1,759) | |
| Purchase of intangible assets | (1,743) | (1,161) | (1,626) | (1,729) | (3,271) | |
| Net cash flow from (used in) investing activities | (2,503) | (2,746) | (4,297) | (4,585) | (5,030) | |
| Cash flows from financing activities | ||||||
| Capital contributions | 7,738 | 9,604 | 7,738 | 7,738 | 7,355 | |
| Surplus repayment to the Crown | (2,393) | (3,115) | - | (2,393) | - | |
| Net cash flow from (used in) financing activities | 5,345 | 6,489 | 7,738 | 5,345 | 7,355 | |
| Total net increase (decrease) in cash and cash equivalents | 5,439 | (2,114) | (2,665) | 4,365 | (1,380) | |
| Cash and cash equivalents at the beginning of the year | 6,509 | 8,623 | 6,599 | 6,509 | 10,874 | |
| Cash and cash equivalents at the end of the year | 11,948 | 6,509 | 3,934 | 10,874 | 9,494 |
* All Estimates information is unaudited. The figures under Main Estimates 2023/24 reflect the forecasts published in Budget 2023 and in the Office's 2022/23 annual report, and the figures under Supplementary Estimates 2023/24 reflect the updated forecasts published in Budget 2024.
** The Statement of cash flows does not include the contracted audit service provider audit fee revenue or expense, 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.