Statement of Cash Flows

2014 Actual $000

Notes

2015 Actual $000

2015 Budget (unaudited) $000

2015 Supplementary estimates (unaudited) $000

2016 Forecast* (unaudited) $000

Cash flows from operating activities

Cash provided from:

1,124,111

Receipts from Crown

1,234,782

1,242,554

1,270,202

1,388,006

364

Receipts from departments

1,033

–

955

–

38,853

Receipts from other revenue

46,400

31,885

43,685

32,180

Cash disbursed to:

(536,403)

Payments to employees

(532,671)

(545,557)

(557,071)

(539,916)

(318,269)

Payments to suppliers

(363,760)

(294,183)

(337,862)

(349,712)

(5,075)

GST payable (net)

4,445

8,560

680

–

(183,476)

Payments for capital charge

(201,107)

(183,844)

(201,156)

(193,686)

120,105

Net cash flows from operating activities

18

189,122

259,415

219,433

336,872

Cash flows from investing activities

Cash provided from:

139

Receipts from interest and dividends

344

–

–

–

332

Receipts from sale of physical, biological and intangible assets

55,371

1,000

2,411

923

Cash disbursed to:

(125,656)

Purchase of physical and biological assets

(154,685)

(221,076)

(187,716)

(273,295)

(18,312)

Purchase of intangible assets

(22,638)

(20,000)

(29,300)

(25,000)

(143,497)

Net cash flows from investing activities

(121,608)

(240,076)

(214,605)

(297,372)

Cash flows from financing activities

Cash provided from:

3,200

Capital injections

–

–

–

–

Cash disbursed to:

–

Return of capital

(63,827)

–

(11,000)

–

–

Interest payment

–

(4,100)

(4,100)

(34,000)

(20,663)

Return of operating surpluses

(27,565)

(15,239)

(22,065)

(5,500)

(17,463)

Net cash flows from financing activities

(91,392)

(19,339)

(37,165)

(39,500)

(40,855)

Net decrease in cash

(23,878)

–

(32,337)

–

123,192

Cash at the beginning of the year

82,337

100,000

82,337

50,000

82,337

Cash at the end of the year

58,459

100,000

50,000

50,000