Annual Report 2016-2017
- No tags were found...
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Aktive <strong>Annual</strong> <strong>Report</strong> <strong>2016</strong>/<strong>2017</strong> 43<br />
STATEMENT OF CASH FLOWS<br />
For the year ended 30 June <strong>2017</strong><br />
NOTES <strong>2017</strong> <strong>2016</strong><br />
CASH FLOWS FROM OPERATING ACTIVITIES<br />
Receipts from Sport New Zealand 9,694,459 9,921,953<br />
Receipts from other grants 2,556,200 2,715,500<br />
Receipts from other exchange transactions 259,218 205,495<br />
Interest received 78,659 88,414<br />
GST 119,658 (158,790)<br />
Payments to suppliers and employees (3,662,944) (2,998,776)<br />
Grants paid (9,120,085) (8,484,814)<br />
Interest paid - (1,587)<br />
Total Cash Flows from Operating Activities (74,835) 1,287,393<br />
CASH FLOWS FROM INVESTING ACTIVITIES<br />
Payments to acquire property, plant and equipment (4,077) (21,927)<br />
Payments to purchase investments (2,524,523) (617,532)<br />
Total Cash Flows from Investing Activities (2,528,601) (639,458)<br />
CASH FLOWS FROM FINANCING ACTIVITIES<br />
Repayment of borrowings (96,634) (106,239)<br />
Total Cash Flows from Financing Activities (96,634) (106,239)<br />
NET INCREASE / (DECREASE) IN CASH (2,700,070) 541,695<br />
CASH BALANCES<br />
Cash and cash equivalents at beginning of period 3,147,183 2,605,488<br />
Cash and cash equivalents at end of period 5 447,114 3,147,183<br />
Net change in cash for period (2,700,070) 541,695<br />
The Statement of Cash Flows has been prepared showing amounts gross of GST.<br />
These financial statements should be read in conjuction with the following ‘Statement of Accounting Policies’ and ‘Note of the Financial Statements.’
Change language