01 - Department of Education and Communities - NSW Government

CASH FLOWS FROM OPERATING ACTIVITIESDepartment of School EducationCASH FLOW STATEMENTfor the Year Ended 30 June 1997Notes Actual Budget Actual1997 1997 1996($’000) ($’000) ($’000)PaymentsEmployee related (2,869,311) (2,876,274) (2,706,256)Grants and subsidies (68,010) (53,033) (382,832)Other (655,844) (673,223) (647,691)Total Payments (3,593,165) (3,602,530) (3,736,779)ReceiptsSales of goods and services 13,262 15,799 21,200Interest Received 10,382 - 4,337Other 13,778 13,332 14,678Total Receipts 37,422 29,131 40,215NET CASH FLOW FROM OPERATING ACTIVITIES 23 (3,555,743) (3,573,399) (3,696,564)CASH FLOW FROM INVESTING ACTIVITIESProceeds from the sale of property, plant and equipment 45,640 17,000 17,780Purchases of property, plant and equipment (141,421) (148,100) (163,233)Advances made 2 - (2)Other - - 1,581NET CASH FLOWS FROM INVESTING ACTIVITIES (95,779) (131,100) (143,874)CASH FLOWS FROM FINANCING ACTIVITIESRepayment of borrowings and advances - - (115)NET CASH FLOWS FROM FINANCING ACTIVITIES - - (115)CASH FLOWS FROM GOVERNMENTRecurrent appropriation 3,577,097 3,553,153 3,685,946Capital appropriation 147,400 148,100 157,650Asset sale proceeds transferred to the CrownTransactions Entity (17,972)NET CASH FLOWS FROM GOVERNMENT 3,706,525 3,701,253 3,843,596NET INCREASE/(DECREASE) IN CASH 55,003 (3,246) 3,043Opening cash and cash equivalents 61,433 61,433 58,390CLOSING CASH AND CASH EQUIVALENTS 22 116,436 58,187 61,433The accompanying notes form part of these statementsDSE Annual Report 1997 107