CQUniversity Annual Report - Central Queensland University

10
Central Queensland University
and Controlled Entities
Statements of Cash Flows
for the year ended 31 December 2012
Consolidated
Parent
Notes 2012 2011 2012 2011
$'000 $'000 $'000 $'000
Cash flows from operating activities
Australian Government Grants received 131,072 109,362 131,072 109,362
HECS-HELP - Student payments 5,880 4,924 5,880 4,924
OS-HELP (63) (5) (63) (5)
Receipts from student fees and other customers 135,664 138,552 120,251 128,870
Trust Distribution 9 705 9 1,506
Dividends received - - - 219
Interest received 1,738 3,673 1,169 2,932
Payments to suppliers and employees (inclusive of goods
and services tax) (287,132) (266,204) (265,991) (257,453)
Interest and other costs of finance paid (25) (25) (25) (25)
Income taxes paid (378) (430) - -
Net cash provided by/(used in) operating activities 40 (13,235) (9,447) (7,698) (9,670)
Cash flows from investing activities
Proceeds from sale of property, plant and equipment 304 471 292 457
Proceeds from sale of investment property - 7,623 - 7,623
Proceeds from sale of financial assets 1,728 - 1,728 -
Proceeds from drawdown of financial assets 7,800 - 7,800 -
Proceeds from non-controlling interest 394 - - -
Payments for financial assets - - (905) -
Payments for property, plant and equipment (20,369) (31,485) (19,923) (32,381)
Payments for Intangibles (2,661) (2,101) (2,638) (2,097)
Net cash provided by/(used in) investing activities (12,804) (25,491) (13,646) (26,398)
Net increase (decrease) in cash and cash equivalents (26,039) (34,939) (21,344) (36,068)
Cash and cash equivalents at the beginning of the financial
year 44,286 79,225 29,511 65,579
Effects of exchange rate changes on cash and cash equivalents 3 - 3 -
Cash and cash equivalents at the end of the financial year 17 18,250 44,286 8,170 29,511
The above Statements of Cash Flows should be read in conjunction with the accompanying notes.