Annual Report 2010–2011, Part 2: Financial (1.8 ... - Tourism Victoria
Annual Report 2010–2011, Part 2: Financial (1.8 ... - Tourism Victoria
Annual Report 2010–2011, Part 2: Financial (1.8 ... - Tourism Victoria
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Note 15. Cash flow information<br />
2011 2010<br />
$ $<br />
(a) Reconciliation of cash and cash equivalents<br />
For the purposes of the cash flow statement, cash and cash equivalents includes<br />
cash on hand and in banks and investments in money market instruments, net<br />
of outstanding bank overdrafts. Cash at the end of the financial year as shown in<br />
the cash flow statement is reconciled to the related items in the balance sheet<br />
as follows:<br />
Cash at bank and on hand 11,779,028 9,159,606<br />
Short term deposits and investments 15,500,000 4,350,000<br />
Cash advance – (held at overseas offices) 248,609 281,266<br />
Balance as per cash flow statement 27,527,636 13,790,872<br />
(b) Reconciliation of net result for the period<br />
2011 2010<br />
$ $<br />
Net result for the reporting period 4,084,223 (1,175,710)<br />
Non-cash movements<br />
(Gain)/Loss on disposal of non-current assets 3,806 –<br />
Impairment loss of financial asset – –<br />
Depreciation and amortisation of non-current assets 63,351 71,998<br />
Allowance for doubtful debts – –<br />
Other non cash items – (191)<br />
(Gain)/Loss on foreign exchange currency 130,610 145,067<br />
Movements in assets and liabilities<br />
Changes in net assets and liabilities<br />
(Increase)/Decrease in assets<br />
Current receivables 9,239,428 (7,662,576)<br />
Other current assets (1,367) 658,424<br />
Increase/(Decrease) in liabilities<br />
Current payables 299,559 (305,112)<br />
Current provisions 282,741 384,982<br />
Non-current provisions (143,088) 31,387<br />
Net cash flows from (used in) operating activities 13,959,263 (7,851,731)<br />
53