Cardinia Shire Council - Annual Report 2017-18

Cardinia Shire Council
2017/2018 Financial Report
Statement of Cash Flows
For the Year Ended 30 June 2018
Cash flows from operating activities
2018 2017
Inflows/
Inflows/
(Outflows)
(Outflows)
Note $'000 $'000
Rates and charges 83,511 78,108
Statutory fees and fines 5,162 4,908
User fees 3,648 3,924
Grants - operating 14,052 16,789
Grants - capital 9,836 9,533
Contributions - monetary 17,104 23,075
Interest received 2,005 1,362
Trust funds and deposits taken 6,720 6,869
Other receipts 3,717 3,485
Net GST refund/payment 6,061 5,439
Employee costs (33,143) (32,020)
Materials and services (53,301) (55,106)
Trust funds and deposits repaid (6,993) (5,361)
Net cash provided by operating activities 8.2 58,379 61,005
Cash flows from investing activities
Payments for property, infrastructure, plant and equipment 5.1 (39,023) (23,634)
Proceeds from sale of property, infrastructure, plant and equipment 7,280 10,823
Payments for investments (23,500) (18,000)
Proceeds from sale of investments - 13,501
Net cash used in investing activities (55,243) (17,310)
Cash flows from financing activities
Finance costs (2,937) (3,279)
Repayment of borrowings (5,587) (5,020)
Net cash provided by/(used in) financing activities (8,524) (8,299)
Net increase in cash and cash equivalents (5,388) 35,396
Cash and cash equivalents at the beginning of the financial year 63,199 27,803
Cash and cash equivalents at the end of the financial year 4.1 57,811 63,199
Financing arrangements 4.6
Restrictions on cash assets 4.1
The above statement of cash flow should be read with the accompanying notes.
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