2003 - 04 Annual Report - Sbs

STATEMENT OF CASH FLOWSfor the year ended 30 June 200487Notes Consolidated Corporation2004 2003 2004 2003$'000 $'000 $'000 $'000OPERATING ACTIVITIESCash receivedGoods and services 31,763 33,222 32,555 33,100Appropriations 1(f), 5(a) 145,776 137,452 145,776 137,452Interest 4,257 4,174 4,185 4,004GST received from ATO 6,638 6,220 6,568 6,321Total cash received 188,434 181,068 189,084 180,877Cash usedEmployees (60,315) (59,343) (60,315) (59,343)Suppliers (126,643) (101,314) (126,611) (101,291)Borrowing costs (1,321) (1,443) (1,321) (1,443)Income Tax paid to ATO (38) (473) - -Total cash used (188,317) (162,573) (188,247) (162,077)Net cash from operating activities 13 117 18,495 837 18,800INVESTING ACTIVITIESCash receivedProceeds from sales of property, plant and equipment 8 102 8 102Proceeds from loan – controlled entity - - 2,167 -Proceeds from sales of financial instruments 27,618 29,429 24,580 28,057Total cash received 27,626 29,531 26,755 28,159Cash usedPurchase of property, plant and equipment 9(d) (5,982) (14,551) (5,982) (14,551)Purchase of Investments 8(c) (25,413) (29,864) (25,413) (27,964)Total cash used (31,395) (44,415) (31,395) (42,515)Net cash used by investing activities (3,769) (14,884) (4,640) (14,356)FINANCING ACTIVITIESCash receivedAppropriations – contributed equity 17 7,490 8,580 7,490 8,580Proceeds from loans - 24,000 - 24,000Total cash received 7,490 32,580 7,490 32,580Cash usedRepayments of debt 10(a) (1,919) (25,807) (1,919) (25,807)Capital use charge paid - (10,785) - (10,785)Finance lease payments 10(b) (18) (86) (18) (86)Total cash used (1,937) (36,678) (1,937) (36,678)Net cash from (used by) financing activities 5,553 (4,098) 5,553 (4,098)Net increase (decrease) in cash held 1,901 (487) 1,750 346Cash at the beginning of the reporting period 3,570 4,057 3,558 3,212Cash at the end of the reporting period 8(a) 5,471 3,570 5,308 3,558THE ABOVE STATEMENT SHOULD BE READ IN CONJUNCTION WITH THE ACCOMPANYING NOTES