for the period ended 30 June 2013
2013 | 2012 | |||
|
Notes |
$’000 |
$’000 |
|
OPERATING ACTIVITIES |
||||
Cash received |
||||
Sales of goods and rendering of services |
|
328 |
– |
|
Appropriations |
|
30,169 |
3,872 |
|
Net GST received |
|
1,310 |
123 |
|
Total cash received |
|
31,807 |
3,995 |
|
Cash used |
||||
Employees |
|
(16,615) |
(1,795) |
|
Suppliers |
|
(15,557) |
(1,982) |
|
Total cash used |
|
(32,172) |
(3,777) |
|
Net cash flows from (used by) operating activities |
9 |
(365) |
218 |
|
INVESTING ACTIVITIES |
||||
Cash received |
||||
Departmental Capital Budget equity injection drawn |
|
76 |
11 |
|
Proceeds from sales of assets | 378 | – | ||
Total cash received |
|
454 |
11 |
|
Cash used |
||||
Purchase of property, plant and equipment |
|
(76) |
(11) |
|
Total cash used |
|
(76) |
(11) |
|
Net cash from investing activities |
|
378 |
– |
|
Net increase in cash held |
|
13 |
218 |
|
Cash and cash equivalents at the beginning of the reporting period |
|
252 |
34 |
|
Cash and Cash Equivalents at the End of the Reporting Period |
5a |
265 |
252 |
Comparative data reported for the 2011-12 financial year represents one month’s activity only. Refer to Note 1.19.
The above statement should be read in conjunction with the accompanying notes.