2015-10-14 Audit & Risk Committee Meeting - Draft Annual Financial Statements

NOOSA SHIRE COUNCIL

Statement of Cash Flows
For the year ended 30 June 2015
                                                                                                                       2014
                                                                                                      2015          (6 months)
                                                                                           Note         $                $
Cash flows from operating activities :
   Receipts
        Receipts from customers                                                                     78,631,623        36,376,779
        Operating grants, subsidies and contributions                                                5,082,742         1,890,879
        Income tax equivalent received                                                                 973,222           494,614
        Interest received                                                                            5,006,206         2,520,125
        Income from equity investments                                                               1,917,859           904,015
   Payments
        Payments to suppliers and employees                                                         (64,099,113)     (37,024,927)
        Interest expense                                                                                (27,892)        (130,469)
   Net cash inflow (outflow) from operating activities                                25             27,484,647        5,031,016

     Cash flows from investing activities:
         Commonwealth government grants                                                                 553,610             -
         State Government subsidies & grants                                                          1,679,628        1,058,819
         Capital contributions                                                                        1,607,275        1,300,149
         Inter-entity balance with Sunshine Coast Regional Council (SCRC)                             1,021,691       (1,021,691)
         Payments for property, plant and equipment                                                 (15,339,301)      (2,740,657)
         Payments for intangible assets                                                                (683,722)      (2,171,862)
         Proceeds from sale of property plant and equipment                                             359,247           10,155
     Net cash inflow (outflow) from investing activities                                            (10,801,572)      (3,565,087)

     Cash flows from financing activities:
         Cash collected under an service level agreements                                              (101,517)         101,517
         Proceeds from borrowings                                                     18                794,000        2,300,000
         Repayment of borrowings                                                      18             (4,856,932)      (2,308,977)
     Net cash inflow (outflow) from financing activities                                             (4,164,449)          92,540

     Net increase (decrease) in cash and cash equivalents held                                      12,518,626         1,558,469
          Cash and cash equivalents at beginning of the financial year                              28,893,012              -
          Cash and cash equivalents transferred on de-amalgamation from SCRC                         9,479,536        27,334,544
     Cash and cash equivalents at end of the financial year                9                        50,891,174        28,893,012


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




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