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STATEMENT OF CASH FLOWS for the year ended 30 June 2012
Cash fl ow from operating activities
Current assets
HDC ANNUAL REPORT 2012
Note Actual Budget Actual
2012 2012 2011
$ $ $
Receipts from Crown revenue 9,464,000 9,170,000 9,170,000
Interest received 99,482 60,000 102,328
Receipts from other revenue 238,449 90,000 68,458
Payments to suppliers (5,553,652) (5,480,000) (5,123,540)
Payments to employees (4,225,392) (4,277,119) (3,859,599)
Goods and services tax (net) 24,196 0 1,304
Net cash from operating activities 15 47,083 (437,119) 358,951
Cash fl ows from investing activities
Receipts from sale of property, plant and equipment 0 0 1,631
Purchase of property, plant and equipment (33,377) (200,000) (31,256)
Purchase of intangible assets (33,832) (170,000) (60,207)
Net cash from investing activities (67,209) (370,000) (89,832)
Net increase (decrease) in cash and cash equivalents (20,126) (807,119) (269,119)
Cash and cash equivalents at beginning of year 1,656,353 1,453,085 1,387,234
Cash and cash equivalents at end of year 1,636,227 645,966 1,656,353
The accompanying notes form part of these fi nancial statements
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