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Financials

Statement Of Cash Flows

for the year ended 30 June 2012

  Note 2012
$000 		2011
$000
       
CASH FLOWS FROM STATE GOVERNMENT      
Service appropriations   520,092 410,451
Capital appropriations   257,636 233,175
Holding account drawdowns   46,907 42,979
Natural disaster funding   41,361 13,152
Royalties for Regions Fund   1,310 393
Net cash provided by State Government   867,306 700,150
       
Utilised as follows:      
CASH FLOWS FROM OPERATING ACTIVITIES      
Payments      
Employee benefits   (68,589) (65,264)
Supplies and services   (451,348) (372,288)
Grants and subsidies   (167,395) (136,133)
GST payments on purchases   (102,015) (80,671)
Finance costs   (1,411) (1,639)
Receipts      
Sale of goods and services   20,767 16,385
Commonwealth grants and contributions   441,162 196,666
Regulatory fines   57,887 18,682
Interest received   1,700 3,633
GST receipts on sales   4,377 2,870
GST receipts from taxation authority   93,407 79,000
Other receipts   26,887 6,542
Rent received   3,473 3,205
Net cash provided by/(used in) operating activities 36 (141,098) (329,012)
       
CASH FLOWS FROM INVESTING ACTIVITIES      
Payments      
Purchase of non-current physical assets   (11,307) (14,087)
Purchase of infrastructure assets   (516,128) (395,487)
Receipts      
Proceeds from sale of non-current physical assets   10,754 3,053
Net cash provided by/(used in) investing activities   (516,681) (406,521)
       
CASH FLOWS FROM FINANCING ACTIVITIES      
Payments      
Repayment of borrowings   (5,000) (5,000)
Net cash provided by/(used in) financing activities   (5,000) (5,000)
       
Net increase/(decrease) in cash and cash equivalents   204,527 (40,383)
Cash and cash equivalents at the beginning of the period   225,203 265,586
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD 36 429,730 225,203

 

The Statement of Cash Flows should be read in conjunction with the accompanying notes.