2019-06-17 General Committee Meeting Agenda

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Noosa Council                                                                                          ATTACHMENT 3
Statement of Cash Flows
For the Year Ended 30 June 2019
As at 31 May 2019
                                                                         Current Budget               Actual               Actual
                                                                                    2019                2019                 2018
                                                                                  ($'000)             ($'000)              ($'000)

Cash flows from operating activities

      Cash Flows from Operating Activities

      Receipts from Customers                                                     81,990               87,511              87,075
      Payments to Suppliers and Employees                                         (81,752)            (72,615)             (77,033)
                                                                                     238               14,896               10,042
      Receipts:
      Investment and Interest Revenue Received                                     4,641                4,610                4,701
      Rental Income                                                                1,293                1,225                1,301
      Non Capital Grants and Contributions                                         4,286                4,185                6,052
      Income Tax Equivalent Received                                               1,200                1,441                3,067
      Income from Equity Investments                                               1,850                 669                   30
      Payments:
      Borrowing Costs                                                                   -                   -                    -
      Interest Expense                                                              (355)                (287)                (131)

      Net Cash Inflow/(Outflow) from Operating Activities                         13,152               26,739              25,062

Cash Flows from Investing Activities

      Receipts:
      Proceeds of Sale of Property, Plant and Equipment                              (32)                375                  154
      Grants, Subsidies, Contributions and Donations                               5,419                7,907                6,369
      Payments:
      Payments of Property, Plant and Equipment                                   (26,026)            (24,880)             (26,981)
      Payments for Intangible Assets                                               (2,365)             (1,042)              (1,874)

      Net Cash Inflow/(Outflow) from Investing Activities                        (23,004)             (17,640)             (22,332)

Cash Flows from Financing Activities

      Receipts:
      Proceeds from Borrowings                                                     2,475                    -                1,165
      Payments:
      Repayment of Borrowings                                                      (3,320)             (5,289)              (5,165)

      Net Cash Inflow/(Outflow) from Financing Activities                           (845)              (5,289)              (4,000)

      Net Increase/(Decrease) in Cash and Cash Equivalents held                  (10,697)               3,809               (1,270)

      Cash and Cash Equivalents at the beginning of the reporting period          64,193               64,193              65,463

      Cash and Cash Equivalents at the end of the reporting period                53,496               68,002              64,193

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