Statement of cash flows

for the year ended 30 June 2012

Annual Report 2011/12

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 income.

Actual 2011 $000		Notes	Actual 2012 $000	Supp. Estimates 2012 $000	Main Estimates 2012 $000
	Cash flows from operating activities
10,000	Receipts from the Crown		10,045	10,045	10,000
37,310	Receipts from public entities*		42,821	41,961	43,015
(5,412)	Payments to suppliers *		(6,991)	(9,583)	(10,043)
(34,381)	Payments to employees		(36,616)	(37,268)	(37,459)
(4,891)	Net GST paid**		(5,851)	(4,178)	(4,205)
(269)	Capital charge paid		(322)	(322)	(269)
2,357	Net cash flow from operating activities	15	3,086	655	1,039

	Cash flows from investing activities
83	Receipts from sale of plant and equipment		172	72	92
(777)	Purchase of plant and equipment		(948)	(722)	(950)
(75)	Purchase of intangible assets		(198)	(430)	(850)
(769)	Net cash flow from (used in) investing activities		(974)	(1,080)	(1,708)

	Cash flows from financing activities
(2,014)	Surplus repayment to the Crown		(916)	(916)	0
500	Capital contribution		0	0	2,200
(1,514)	Net cash flow from (used in) financing activities		(916)	(916)	2,200
74	Total net increase (decrease) in cash held		1,196	(1,341)	1,531
4,209	Cash at the beginning of the year		4,283	4,283	2,848
4,283	Cash at the end of the year		5,479	2,942	4,379

* The statement of cash flows does not include the contracted audit service provider audit fee revenue or expenditure, as these do not involve any cash transactions with the Office.

** 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.

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