Administered Cash Flow Statement | Annual Report 2017-18

Department of Finance
ADMINISTERED CASH FLOW STATEMENT
for the period ended 30 June 2018

		Actuals		Budget
		30 June	30 June	30 June
		2018	2017	2018
	Note ref	$'000	$'000	$'000
OPERATING ACTIVITIES
Cash received
Rendering of services		2,710	3,995	3,839
Superannuation contributions - employers		1,204,374	1,270,538	1,190,812
Superannuation funds contributions - members		2,028,753	2,132,494	1,884,657
Net gains from sale of financial instruments		327,848	257,301	-
Interest and dividends		218,112	148,429	439,809
Realised exchange gains		31,194	208,954	-
Net GST received		-	802	-
Other		10,032	18,396	8,331
Total cash received		3,823,023	4,040,909	3,527,448

Cash used
Employees		297,132	268,977	258,844
Suppliers		179,499	210,806	194,408
Investment Funds distribution		129,897	83,469	661,547
Superannuation payments		6,561,312	6,380,557	6,571,480
Realised exchange losses		6,614	-	-
Grants		2,935	1,800	2,941
Net GST paid		419	-	-
Other		730	612	4,448
Total cash used		7,178,538	6,946,221	7,693,668

Net cash received/(used) for operating activities		(3,355,515)	(2,905,312)	(4,166,220)

INVESTING ACTIVITIES

Cash received
Proceeds from sale of plant and equipment		32,682,672	19,960,339	12,326,829
Proceeds from sale of financial investments		-	17	-
Repayments of advances and loans		11,945	11,600	12,865
Matured government securities		1,472	-	-
Total cash received		32,696,089	19,971,956	12,339,694

Cash used
Purchase of financial investments		39,495,417	25,866,742	7,176,397
Equity injections - CCEs		290,500	-	-
Purchase of leasehold improvements		12,929	5,756	7,973
Purchase of infrastructure		1,224	1,352	-
Purchase of plant and equipment		3,257	1,405	3,398
Purchase of intangibles		157	57	-
Total cash used		39,803,484	25,875,312	7,187,768

Net cash received/(used) for investing activities		(7,107,395)	(5,903,356)	5,151,926
FINANCING ACTIVITIES
Cash received
Contributed equity		8,767,768	7,575,945	6,244,700
Total cash received		8,767,768	7,575,945	6,244,700

Cash used
Equity distribution		-	3,189	11,627,035
Total cash used		-	3,189	11,627,035
Net cash received/(used) for financing activities		8,767,768	7,572,756	(5,382,335)

Net increase/(decrease) in cash held		(1,695,142)	(1,235,912)	(4,396,629)

Cash and cash equivalents at the beginning of the reporting period		937,956	1,059,534	-

OPA (WoAG)
Transfers to other entities		(687,536,119)	(633,627,520)	-
Transfers from other entities		688,314,580	633,491,395	-
Total cash from/(to) OPA		778,461	(136,125)	-

Finance administered transfers
Cash to OPA - appropriations		(3,289,054)	(3,475,849)	(720,375)
Cash from OPA - appropriations		4,998,811	4,726,308	5,117,004
Total cash from/(to) OPA		1,709,757	1,250,459	4,396,629

Cash and cash equivalents at the end of the reporting period	D1.1	1,731,032	937,956	-

The above statement should be read in conjunction with the accompanying notes