Statement of cash flows

Annual Report 2015/16.

for the year ended 30 June 2016

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.

NotesActual
2015/16
$000
Actual
2014/15
$000
Main Estimates
2015/16
$000*
Supplementary Estimates
2015/16
$000*
Main Estimates
2016/17
$000*
Cash flows from operating activities
Receipts from the Crown 10,749 10,147 10,727 10,749 10,735
Receipts from public entities1 45,975 43,704 43,262 46,129 42,700
Payments to suppliers1 (12,578) (11,177) (13,484) (13,895) (12,140)
Payments to employees (40,771) (40,098) (39,273) (39,559) (40,930)
Net GST paid2 (24) (147) - - -
Capital charge paid (498) (498) (498) (498) (498)
Net cash flow from operating activities 16 2,853 1,931 734 2,926 (133)
Cash flows from investing activities
Receipts from sale of plant and equipment 181 113 70 211 57
Purchase of plant and equipment (921) (739) (697) (1,012) (565)
Purchase of intangible assets (179) (236) (480) (403) (220)
Net cash flow used in investing activities (919) (862) (1,107) (1,204) (728)
Cash flows from financing activities
Surplus repayment to the Crown (264) (455) - (264) -
Net cash flow used in financing activities (264) (455) - (264) -
Total net increase (decrease) in cash held 1,670 614 (373) 1,458 (861)
Cash at the beginning of the year 3,962 3,348 6,123 3,962 5,679
Cash at the end of the year 7 5,632 3,962 5,750 5,420 4,818

* All Estimates information is unaudited.

1 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.

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.

The accompanying notes form part of these financial statements.