2002-03 Annual R eport 2002-03 Annual R eport - Australian Sports ...

CRICKET AUSTRALIA (FORMERLY AUSTRALIAN CRICKET BOARD)
(COMPANY LIMITED BY GUARANTEE)
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2003
58
2003 2002
$ $
Cash Flows from Operating Activities
Receipts from spectators, media, sponsors and customers 73,337,139 70,052,253
Payments to suppliers, players and employees (38,853,113) (38,444,747)
Payments to members (36,095,717) (26,174,979)
(1,571,691) 5,432,527
Interest received 1,759,945 1,027,543
Net cash inflow (outflow) from operating activities 188,254 6,460,070
Cash Flows from Investing Activities
Payments for plant and equipment (220,174) (1,852,266)
Proceeds from sale of investments 55,659,177 25,900,000
Proceeds from sale of plant and equipment - 46,275
Proceeds from sale of land and buildings - 1,537,108
Payments for investments (53,585,561) (27,748,430)
Repayment of loans by Queensland Cricket 100,000 100,000
Payment for ACRA restricted investments (1,445,843) -
Net cash inflow (outflow) from investing activities 507,599 (2,017,313)
Cash Flows from Financing Activities
Payments to members from accumulated funds - (4,212,000)
Net cash inflow (outflow) from financing activities - (4,212,000)
Net increase (decrease) in cash held 695,853 230,757
Cash at the beginning of the financial year 239,242 8,485
Cash at the end of the financial year 935,095 239,242