2015-01-12 General Committee Agenda Attachment 1 to Item 17 Noosa Council Report 2014

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 NOOSA SHIRE COUNCIL

 Statement of Cash Flows
 For the six months ending 30 June 2014                                                 Consolidated        Council
                                                                                            2014              2014
                                                                               Note           $                $
 Cash flows from operating activities :
      Receipts
           Receipts from customers                                                         36,376,779        36,376,779
           Dividend received                                                                     .                 -
           Operating grants, subsidies and contributions                                    1,890,879         1,890,879
           Income tax equivalent received                                                     494,614           494,614
           Interest received                                                                2,520,125         2,520,125
           Income from equity investments                                                     904,015           904,015
      Payments
           Payments to suppliers and employees                                            (37,024,927)      (37,024,927)
           Interest expense                                                                  (130,469)         (130,469)
      Net cash inflow (outflow) from operating activities                        32         5,031,016         5,031,016

      Cash flows from investing activities:
           State Government subsidies & grants                                              1,058,819         1,058,819
           Capital contributions                                                             1,300,149        1,360,149
           Inter-entity balance with SCRC                                                   (1,021,691)      (1,021,691)
           Payments for property, plant and equipment                                       (2,740,657)      (2,740,657)
           Payments for intangible assets                                                   (2,171,862)      (2,171,862)
           Proceeds from sale of property plant and equipment                    6             10,155            10,155
      Net cash inflow (outflow) from investing activities                                   (3,565,087)      (3,565,087)

      Cash flows from financing activities:
           Cash collected under an service level agreements                                   101,517           101,517
           Proceeds from borrowings                                              23         2,300,000         2,300,000
           Repayment of borrowings                                               23         {2,308,977}      (2,308,977)
      Net cash inflow (outflow) from financing activities                                      92,540            92,540

      Net increase (decrease) in cash and cash equivalents held                              1,558,468         1,558,468
           Cash and cash equivalents transferred on de-amalgamation from SCRC              27,334,545        27,334,545
      Cash and cash equivalents at end of the financial year                     t4        28,893,014        28,893,014

 The above statement should be read in conjunction with the accompanying notes and Summary of Significant Accounting Policies.

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