Statement of cash flows
for the year ended 30 June 2018
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 2017/18 | Actual 2016/17 | Main Estimates 2017/18 | Supplementary Estimates 2017/18 | Main Estimates 2018/19 | |
|---|---|---|---|---|---|---|
| $000 | $000 | $000* | $000* | $000* | ||
| Cash flows from operating activities | ||||||
| Receipts from the Crown | 10,599 | 10,817 | 10,813 | 10,599 | 10,813 | |
| Receipts from public entities1 | 48,620 | 42,480 | 48,145 | 47,568 | 47,420 | |
| Payments to suppliers1 | (11,939) | (13,217) | (12,183) | (13,779) | (14,011) | |
| Payments to employees | (43,362) | (41,239) | (42,366) | (42,366) | (42,193) | |
| Net GST paid2 | 241 | 25 | - | - | - | |
| Capital charge paid | (373) | (404) | (373) | (373) | (373) | |
| Net cash flow from (used in) operating activities | 16 | 3,786 | (1,538) | 4,036 | 1,649 | 1,656 |
| Cash flows from investing activities | ||||||
| Receipts from sale of plant and equipment | 8 | 109 | 32 | 28 | 174 | |
| Purchase of plant and equipment | (654) | (654) | (561) | (614) | (1,006) | |
| Purchase of intangible assets | (313) | (777) | (670) | (549) | (260) | |
| Net cash flow from (used in) investing activities | (959) | (1,322) | (1,199) | (1,135) | (1,092) | |
| Cash flows from financing activities | ||||||
| Surplus repayment to the Crown | (268) | (77) | (172) | (268) | (340) | |
| Net cash flow from (used in) financing activities | (268) | (77) | (172) | (268) | (340) | |
| Total net increase (decrease) in cash held | 2,559 | (2,937) | 2,665 | 246 | 224 | |
| Cash at the beginning of the year | 2,695 | 5,632 | 3,961 | 2,695 | 3,071 | |
| Cash at the end of the year | 5,254 | 2,695 | 6,626 | 2,941 | 3,295 | |
* 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.