PDF - 1.62 MB - Sydney Harbour Federation Trust

Financial Statement 2006-07Notes to and forming partof the Financial Statements for the year ended 30 June 200746Note 8: Provisions2007 2006$’000 $’000Note 8A - Employee ProvisionsSalary and wages 29 117Leave 755 667Superannuation - 1Total employee provisions 784 785Employee provisions are categorised as follows:Current 575 448Non - current 209 337Total employee provisions 784 785Note 9: Cash Flow ReconciliationReconciliation of Cash per Balance Sheet to Cash Flow StatementCash at year end per Cash Flow Statement 49,184 34,413Balance Sheet items comprising above cash:'Financial Asset - Cash and cash equivalents' 49,184 34,413Reconciliation of operating result to net cash from operating activities:Operating surplus (2,779) 2,745Depreciation and amortisation 268 264(Increase) / decrease in receivables 13,414 (13,898)(Increase) / decrease in inventories (18) 7,922(Increase) / decrease in prepayments 2 12Increase / (decrease) in employee provisions (1) (33)Increase / (decrease) in supplier payables 909 971Increase / (decrease) in other payables 677 2,146Net Cash from operating activities 12,472 129Note 10: Contingent Liabilities and AssetsUnquantifiable ContingenciesAt 30 June 2007 the Trust had a number of contracts in progress, the final costs of which are dependent onlatent conditions and other variables. It is not possible to estimate the amounts of any eventual payments thatmay be required in relation to these contracts.