Annual Report 2008-09 - Legal Services Commissioner
Annual Report 2008-09 - Legal Services Commissioner
Annual Report 2008-09 - Legal Services Commissioner
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Chapter EIGHT<br />
Financial Statements<br />
Notes to the financial statements for the financial year ended 30 June 20<strong>09</strong><br />
Note 4 – Cash flow information<br />
20<strong>09</strong> <strong>2008</strong><br />
$ $<br />
(a) Reconciliation of cash and cash equivalents<br />
Cash on hand 1,000 1,000<br />
Cash at the bank<br />
• <strong>Legal</strong> <strong>Services</strong> <strong>Commissioner</strong> 716,532 1,680,842<br />
• Disputed Costs 319,420 293,020<br />
1,036,952 1,974,862<br />
(b)<br />
Reconciliation of the net result for the period to the net cash flows from operating<br />
activities<br />
Cash Flows from Operating Activites<br />
Net result for the financial year 45,022 1,063,810<br />
Non-cash movements:<br />
Depreciation and amortisation 27,198 22,895<br />
Loss in disposals of fixed assets 1,915 -<br />
Gains from the revaluation of the long service leave provision due to changes in the present<br />
value of the discount rate<br />
32,506<br />
Movements in assests and liabilities<br />
(Increase)/decrease in trade debtors (3,915) (15)<br />
(Increase)/decrease in GST recoverable (19,203) (6,701)<br />
(Increase)/decrease in prepayments (25,524) 186,485<br />
(Increase)/decrease in accrued income (848,687) 47,279<br />
Increase/(decrease) in payables 274,718 21,210<br />
Increase/(decrease) in provisions 252,865 15,821<br />
Net cash flows from/(used in) operating activities (263,105) 1,350,783<br />
78<br />
<strong>Legal</strong> <strong>Services</strong> COMMISSIONER 20<strong>09</strong> <strong>Annual</strong> <strong>Report</strong>
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