2023 Annual Report
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Statement of Changes in Net Assets / Equity<br />
For the year ended 30 June <strong>2023</strong><br />
Statement of Cash Flow<br />
For the year ended 30 June <strong>2023</strong><br />
<strong>2023</strong> 2022<br />
<strong>2023</strong> 2022<br />
Accumulated comprehensive revenue and expense<br />
Opening balance 1,532,488 1,425,841<br />
Comprehensive revenue / (expense) for the year 95,340 106,647<br />
CLOSING BALANCE 1,627,828 1,532,488<br />
Statement of Financial Position<br />
As at 30 June <strong>2023</strong><br />
Cash flows from operating activities<br />
Revenue from contracts and grants 3,165,664 2,862,201<br />
Cash receipts from other operating activities 135,976 70,147<br />
Interest received 69,287 10,890<br />
Net movement in KiwiSport funds 8,404 0<br />
Net movement in Tū Manawa Active Aotearoa funds 188,941 52,182<br />
Payments to suppliers and employees (3,049,852) (2,761,698)<br />
Current assets<br />
<strong>2023</strong> 2022<br />
GST 9,259 (60,587)<br />
527,679 173,135<br />
Cash and cash equivalents (Note 9) 2,990,614 2,486,753<br />
GST receivable 8,970 18,229<br />
Prepayments 10,574 19,720<br />
Receivables from exchange transactions 40,317 25,168<br />
Receivables from non-exchange transactions 299,017 283,735<br />
3,349,492 2,833,605<br />
Non-current assets<br />
Property, plant and equipment (Note 10) 13,126 13,507<br />
Intangible assets (Note 11) 30,965 55,811<br />
TOTAL ASSETS 3,393,583 2,902,923<br />
Cash flows from investing activities<br />
Payment for property plant and equipment, and intangibles (23,818) (7,837)<br />
Receipts for property plant and equipment, and intangibles 0 747<br />
NET CASH FLOWS 503,861 166,045<br />
Cash balances<br />
Cash and cash equivalents at 1 July 2022 2,486,753 2,320,708<br />
Cash and cash equivalents at 30 June <strong>2023</strong> (Note 9) 2,990,614 2,486,753<br />
NET CHANGE IN CASH FOR THE PERIOD 503,861 166,045<br />
Current liabilities<br />
Accruals 36,954 76,477<br />
Employee entitlements 121,967 107,965<br />
Payables from exchange transactions 145,081 68,520<br />
Income in advance (Note 15 and 17) 991,245 465,766<br />
Tū Manawa Active Aotearoa (Note 16) 397,847 586,788<br />
Direct Fund (Note 16) 72,661 56,515<br />
KiwiSport (Note 16) 0 8,404<br />
TOTAL LIABILITIES 1,765,755 1,370,435<br />
NET ASSETS 1,627,828 1,532,488<br />
Equity<br />
Accumulated comprehensive revenue and expense 1,627,828 1,532,488<br />
TOTAL NET ASSETS 1,627,828 1,532,488<br />
These financial statements should be read in conjunction with the notes to the financial statements<br />
These financial statements should be read in conjunction with the notes to the financial statements<br />
46 <strong>Annual</strong> report<br />
<strong>Annual</strong> report<br />
47
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