2012-13 Government Mid-year Financial Projections Statement

2012-13 Government Mid-year Financial Projections StatementPUBLIC FINANCIAL CORPORATIONSCash Flow StatementTable 1.12CASH FLOWS FROM OPERATING ACTIVITIESNote 2011-12 2012-13 2012-13 2013-14 2014-15 2015-16Budget Mid-year Mid-year Mid-year Mid-yearActual Estimate Revision Revision Revision Revision$m $m $m $m $m $mCash receivedGrants and subsidies received 6 5 5 5 5 5Receipts from sales of goods and services 922 936 888 965 1,044 1,125Interest receipts 1,717 2,260 1,877 2,150 2,399 2,593Dividends and tax equivalents - - - - - -Other receipts 124 124 118 127 135 145Total cash received 2,770 3,325 2,887 3,247 3,582 3,868Cash paidWages, salaries and supplements, and superannuation -44 -49 -50 -53 -56 -58Payments for goods and services -767 -748 -753 -804 -853 -922Interest paid -1,517 -2,071 -1,706 -1,945 -2,183 -2,373Grants and subsidies paid - - - - - -Tax equivalents -7 -4 -5 -5 -23 -24Other payments -173 -171 -160 -174 -186 -200Total cash paid -2,508 -3,044 -2,674 -2,980 -3,300 -3,577NET CASH FLOWS FROM OPERATING ACTIVITIES 262 281 213 266 282 291CASH FLOWS FROM INVESTING ACTIVITIESCash flows from investments in non-financial assetsPurchase of non-financial assets -13 -7 -7 -5 -4 -5Sales of non-financial assets - - - - - -Total cash flows from investments in non-financial assets -13 -7 -7 -5 -4 -5Cash flows from investments in financial assetsCash receivedFor policy purposes - - - - - -For liquidity purposes 6,110 1,096 1,156 1,201 1,334 1,414Cash paidFor policy purposes - - - - - -For liquidity purposes -6,303 -1,827 -4,952 -1,405 -1,551 -1,595Total cash flows from investments in financial assets -193 -731 -3,796 -204 -217 -181NET CASH FLOWS FROM INVESTING ACTIVITIES -206 -738 -3,802 -209 -221 -186CASH FLOWS FROM FINANCING ACTIVITIESCash receivedAdvances received - - - - - -Borrow ings 38,986 41,599 38,525 35,577 35,496 35,200Deposits received - - - - - -Other financing receipts - - - - - -Total cash received 38,986 41,599 38,525 35,577 35,496 35,200Cash paidAdvances paid - - - - - -Borrow ings repaid -37,358 -41,091 -37,038 -35,571 -35,492 -35,197Deposits paid - - - - - -Other financing payments - - - - - -Dividends paid -81 -47 -83 -83 -83 -120Total cash paid -37,439 -41,138 -37,120 -35,654 -35,575 -35,317NET CASH FLOWS FROM FINANCING ACTIVITIES 1,547 461 1,405 -77 -78 -117Net increase in cash and cash equivalents 1,603 5 -2,184 -20 -17 -12Cash and cash equivalents at the beginning of the year 2,060 2,043 3,664 1,479 1,459 1,442Cash and cash equivalents at the end of the year 3,664 2,048 1,479 1,459 1,442 1,430KEY FISCAL AGGREGATESNet cash flow s from operating activities 262 281 213 266 282 291Net cash flow s from investing in non-financial assets -13 -7 -7 -5 -4 -5Dividends paid -81 -47 -83 -83 -83 -120Cash surplus/-deficit 6 168 228 124 178 195 167Note: Columns may not add due to rounding.84