CQUniversity Annual Report - Central Queensland University

62
Central Queensland University
and Controlled Entities
Notes to the financial statements
for the year ended 31 December 2012
Consolidated
Parent
Notes 2012 2011 2012 2011
$'000 $'000 $'000 $'000
Note 40. Reconciliation of operating result after income
tax to net cash inflow from operating activities
Operating result for the year (26,084) (3,277) (24,636) (2,942)
Depreciation and amortisation 11 14,327 13,038 13,583 12,239
Investment fees/expenditure 143 151 143 151
Investment distributions reinvested (1,613) (3,240) (1,613) (3,240)
Inputation credits (175) - (175) -
Revaluation decrement/(increment) - (350) - (350)
Fair value (gain)/loss on valuation of assets - (8,081) - (8,081)
Net (gain)/loss on sale of investment property - 576 - 576
Net (gain)/loss on sale of non-current assets 42 77 29 53
Net exchange differences (4) - (4) -
Share of profits of associates and joint venture partnership not
received as dividends or distributions 59 (41) - -
Change in operating assets and liabilities, net of effects from
purchase of controlled entity
Decrease/(Increase) in trade debtors 1,110 (3,107) 1,917 (3,061)
Decrease/(Increase) in inventories (318) (33) (318) (33)
Decrease/(Increase) in income tax receivable (367) 132 - -
Decrease/(Increase) in deferred tax asset (386) (250) - -
Decrease/(Increase) in other operating assets (845) (270) 1,926 (515)
Increase/(decrease) in trade creditors 234 (7,664) (14) (6,729)
Increase/(decrease) in other operating liabilities (1,510) 2,227 (1,023) 2,256
Increase/(decrease) in other provisions 2,152 665 2,487 6
Net cash inflow (outflow) from operating activities (13,235) (9,447) (7,698) (9,670)
Credit standby arrangements
Total facilities
Queensland Treasury Corporation 42,650 43,800 42,650 43,800
Used at balance date - - - -
Unused at balance date 42,650 43,800 42,650 43,800