Royal Botanic Gardens Victoria Annual Report 2018-19

6. HOW WE FINANCE OUR OPERATIONS
6.3.2 Reconciliation of the net result for the period to net cash flows from operating activities
Net result for the period (963,977)
Non-cash movements
(Gain)/loss on sale or disposal of non-current assets (19,062)
Net (gain)/loss on financial instruments -
Impairment of non-financial assets -
Depreciation of non-financial assets 2,440,321
Movements in assets and liabilities
(Increase)/decrease in receivables 5,074,117
(Increase)/decrease in inventories 110,639
(Increase)/decrease in other non-financial assets 20,395
Increase/(decrease) in payables (366,692)
Increase/(decrease) in provisions 490,678
Net cash from/(used in) operating activities 6,786,419
2019
$
2018
$
6,142,740
(13,288)
(2,152)
-
2,374,883
(4,916,589)
2,733
(106,497)
790,838
154,321
4,426,989
6.4 Commitments for expenditure
Commitments for future expenditure include operating and capital commitments arising from contracts. These commitments are recorded
below at their nominal value and inclusive of GST.
The following commitments have not been recognised as liabilities in the financial statements:
Capital expenditure commitments payable
Within 1 year 2,324,718
Later than 1 year but not later than 5 years 10,407
Subtotal 2,335,125
Operating expenditure commitments payable (a)
Within 1 year 520,126
Later than 1 year but not later than 5 years 1,458,301
Subtotal 1,978,427
Total commitments including GST 4,313,552
Less GST recoverable 392,141
Total commitments excluding GST 3,921,411
2019
$
2018
$
143,206
10,407
153,613
118,391
32,596
150,987
304,600
13,726
290,874
Note (a): Operating expenditure commitments includes service contracts for building maintenance, security and data and lease commitments relating to office
equipment with a lease term of up to 5 years. The Board does not have an option to purchase the leased asset at the expiry of the lease period under these leasing
arrangements.
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Royal Botanic Gardens Board Victoria 2018-19 Financial Report Page 21