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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STATEMENT OF CHANGES IN EQUITY<br />
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2011<br />
Accumulated<br />
surplus/(deficit)<br />
Total<br />
$ $<br />
Balance at 1 July 2009 16,415,400 16,415,400<br />
Net result from transactions (1,030,834) (1,030,834)<br />
Other economic flows included in net result (144,876) (144,876)<br />
Balance at 30 June 2010 15,239,690 15,239,690<br />
Net result from transactions 4,218,639 4,218,639<br />
Other economic flows included in net result (134,416) (134,416)<br />
Balance at 30 June 2011 19,323,913 19,323,913<br />
The above statement of changes in equity should be read in conjunction with the accompanying notes.<br />
CASH FLOW STATEMENT<br />
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2011<br />
Cash flows from operating activities<br />
2011 2010<br />
Notes $ $<br />
Receipts from government 141,484,383 65,908,732<br />
Receipts from other entities 5,081,673 6,059,338<br />
Net goods and services tax recovered from the ATO (i) 10,672,889 5,435,446<br />
Interest received 1,098,613 896,115<br />
Total receipts 158,337,557 78,299,630<br />
Payments<br />
Payments to suppliers and employees (144,311,475) (86,059,771)<br />
Capital assets charge (47,004) (47,000)<br />
Interest and other cost of finance paid (19,816) (44,591)<br />
Total payments (144,378,295) (86,151,361)<br />
Net cash flows from/(used in) operating activities 15(b) 13,959,262 (7,851,731)<br />
Cash flows from investing activities<br />
Purchases of non-financial assets (56,123) (41,895)<br />
Proceeds from disposal of property, plant & equipment – –<br />
Sales of non-financial assets 38,660 –<br />
Net cash flows from/(used in) investing activities (17,463) (41,895)<br />
Cash flows from financing activities<br />
Repayment and disposal of finance leases (108,454) (2,652)<br />
Proceeds from borrowings 34,029 41,961<br />
Net cash flows from/(used in) financing activities (74,425) 39,309<br />
Net increase/(decrease) in cash and cash equivalents 13,867,374 (7,854,317)<br />
Cash and cash equivalents at beginning of financial year 13,790,871 21,790,256<br />
Effect of exchange rate fluctuations on cash held in foreign currency (130,610) (145,067)<br />
Cash and cash equivalents at the end of the financial year 15(a) 27,527,635 13,790,871<br />
The above cash flow statement should be read in conjunction with the accompanying notes.<br />
(i) Should note that GST paid to ATO is presented on a net basis<br />
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