Disability Services Commission Annual Report

4.1 Financial Statements
Disability Services Commission
Cash Flow Statement
For the year ended 30 June 2008
2008 2007
$'000 $'000
Inflows Inflows
Notes (Outflows) (Outflows)
CASH FLOWS FROM STATE GOVERNMENT
Service Appropriation 300,154 269,810
Capital Contributions 7,441 811
Holding Account Drawdowns 689 4,080
Net cash provided by State Government 308,284 274,701
Utilised as follows:
CASH FLOWS FROM OPERATING ACTIVITIES
Payments
Employee benefits (102,425) (99,368)
Payments for Services Provided by Funded Agencies (212,985) (182,426)
Individual Funding & Other Grants (12,899) (14,518)
Supplies and services (28,669) (30,829)
Capital User Charge - (2,037)
Finance costs (137) (435)
GST payments on purchases (23,511) (20,631)
GST Payments to taxation authority (498) (451)
Other payments (1,808) (3,098)
Receipts
Commonwealth grants and contributions 62,284 50,578
User charges and fees 6,373 6,229
GST receipts on sales 518 454
GST receipts from taxation authority 23,759 20,321
Other receipts 4,653 5,351
Net Cash provided by/(used in) operating activities 26 (285,345) (270,860)
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sale of non-current physical assets
Purchase of non-current physical assets (3,007) (3,522)
Net cash provided by/(used in) investing activities (3,007) (3,522)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from borrowings - 1,583
Repayment of borrowings (7,441) (511)
Net Cash provided by/(used in) by financing activities (7,441) 1,072
Net increase/(decrease) in cash and cash equivalents 12,492 1,391
Cash and Cash equivalents at the beginning of period 3,401 2,010
CASH AND CASH EQUIVALENTS AT THE END OF
PERIOD 26 15,893 3,401
The Cash Flow Statement should be read in conjunction with the accompanying notes.
58 Disability Services Commission Annual Report 2007–2008