2019-08-12 General Committee Agenda

Page 68 of 68

Noosa Council                                                                                             ATTACHMENT 3
Statement of Cash Flows
For the Year Ended 30 June 2020
As at 31 July 2019
                                                                                 Current              Actual                Actual
                                                                                  Budget                 YTD              Full Year
                                                                                    2020                 2020                 2019
                                                                                  ($'000)              ($'000)              ($'000)

Cash flows from operating activities

      Cash Flows from Operating Activities

      Receipts from Customers                                                      84,812              10,398                88,381
      Payments to Suppliers and Employees                                         (78,407)              (9,101)             (73,702)
                                                                                    6,405                1,297               14,679
      Receipts:
      Investment and Interest Revenue Received                                      4,010                 107                 4,892
      Rental Income                                                                 1,292                 135                 1,252
      Non Capital Grants and Contributions                                          5,113                 815                 5,447
      Income Tax Equivalent Received                                                1,200                    -                1,450
      Income from Equity Investments                                                1,850                    -                1,600
      Payments:
      Borrowing Costs                                                                   -                    -                    -
      Interest Expense                                                             (1,194)                 (15)              (1,763)

      Net Cash Inflow/(Outflow) from Operating Activities                          18,676               2,339               27,557

Cash Flows from Investing Activities

      Receipts:
      Proceeds of Sale of Property, Plant and Equipment                                10                    -                 375
      Grants, Subsidies, Contributions and Donations                                6,712                 981                 8,696
      Payments:
      Payments of Property, Plant and Equipment                                   (26,999)               (325)              (28,359)
      Payments for Intangible Assets                                               (1,400)                 (44)              (1,191)

      Net Cash Inflow/(Outflow) from Investing Activities                         (21,677)                611               (20,480)

Cash Flows from Financing Activities

      Receipts:
      Proceeds from Borrowings                                                          -                    -                    -
      Payments:
      Repayment of Borrowings                                                      (2,352)                   -              (15,289)

      Net Cash Inflow/(Outflow) from Financing Activities                          (2,352)                   -              (15,289)

      Net Increase/(Decrease) in Cash and Cash Equivalents held                    (5,352)              2,950                (8,212)

      Cash and Cash Equivalents at the beginning of the reporting period           43,496              55,981                64,193
      Cash and Cash Equivalents at the end of the reporting period                 38,144              58,930                55,981

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