FINANCIAL PERFORMANCE REPORT – JUNE 2023 · Attachment 3 Statement of Cashflows - Jun 2023

ATTACHMENT 3 - STATEMENT OF CASH FLOWS

Noosa Council
Statement of Cash Flows
For the Year Ended 30 June 2023
As at 30 June 2023
                                                                          Current      Actual       Actual
                                                                          Budget          YTD     Full Year
                                                                             2023        2023          2022
                                                                           ($'000)     ($'000)      ($'000)

Cash flows from operating activities

     Cash Flows from Operating Activities

     Receipts from Customers                                               105,357     116,551     116,636
     Payments to Suppliers and Employees                                  (109,818)   (111,767)    (87,449)
                                                                            (4,461)      4,784      29,187
     Receipts:
     Investment and Interest Revenue Received                                5,800       7,032       2,813
     Rental Income                                                           1,616       1,747       1,810
     Non Capital Grants and Contributions                                    5,707       6,941       8,910
     Income Tax Equivalent Received                                          1,200       1,450       1,913
     Income from Equity Investments                                          2,150       1,900       1,717
     Payments:
     Borrowing Costs                                                             -           -           -
     Interest Expense                                                         (699)       (162)       (156)

     Net Cash Inflow/(Outflow) from Operating Activities                   11,313      23,691       46,194

Cash Flows from Investing Activities

     Receipts:
     Proceeds of Sale of Property, Plant and Equipment                          -         153          356
     Grants, Subsidies, Contributions and Donations                        28,533      40,133       14,745
     Payments:
     Payments of Property, Plant and Equipment                             (55,410)    (45,316)    (36,315)
     Payments for Intangible Assets                                           (229)       (261)       (192)
     Net Movement in Loans and Advances                                          -         125         125

     Net Cash Inflow/(Outflow) from Investing Activities                   (27,106)     (5,167)    (21,281)

Cash Flows from Financing Activities

     Receipts:
     Proceeds from Borrowings                                                5,759           -       4,859
     Payments:
     Repayment of Borrowings                                                  (868)     (1,652)     (1,299)

     Net Cash Inflow/(Outflow) from Financing Activities                     4,891      (1,652)      3,560

     Net Increase/(Decrease) in Cash and Cash Equivalents held             (10,902)    16,872       28,473

     Cash and Cash Equivalents at the beginning of the reporting period    98,501      98,501       70,028

     Cash and Cash Equivalents at the end of the reporting period          87,599     115,373       98,501