APO Annual Report 2020

AUCKLAND PHILHARMONIA TRUST
CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
Consolidated and Separate Statement of Cash Flows
CASH FLOWS FROM OPERATING ACTIVITIES
Group
Trust
Notes 2020 2019 2020 2019
$ $ $ $
Cash received from customers, related parties and
funders 9,918,131 11,235,887 9,746,890 11,435,203
Interest received 195,155 227,073 68,219 101,337
Dividends received 49,227 58,317 - -
Cash payments to employees, suppliers and
related parties (9,348,967) (11,595,920) (9,358,722) (11,630,573)
Interest paid - (489) - (489)
Cash inflow/(outflow) from operating activities 813,546 (75,132) 456,387 (94,522)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment (34,793) (38,259) (34,791) (38,259)
Purchase of intangible assets - (3,759) - (3,759)
Short term deposits with maturities greater than 3 months (984,731) 739,776 (518,871) 1,000,164
Cash inflow of Investments (shares and bonds) - 263,688 4,217 -
Cash outflow of Investments (shares and bonds) (36,267) (884) - (884)
Cash inflow/ (outflow) from investing activities (1,055,791) 960,562 (549,445) 957,262
Net increase / (decrease) of cash and cash equivalents (242,245) 885,430 (93,058) 862,740
Cash and cash equivalents at the beginning of the year 1,343,090 457,660 1,167,279 304,539
Cash and cash equivalents at the end of the year 10 1,100,845 1,343,090 1,074,221 1,167,279
The above statements should be read in conjunction with the notes to and forming part of the consolidated and
separate financial statements.
10
APO.CO.NZ 37