Section 2 - Sugar Research and Development Corporation
Section 2 - Sugar Research and Development Corporation
Section 2 - Sugar Research and Development Corporation
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<strong>Sugar</strong> <strong>Research</strong> <strong>and</strong> <strong>Development</strong> <strong>Corporation</strong><br />
CASH FLOW STATEMENT<br />
for the period ended 30 June 2011<br />
2011<br />
$’000<br />
2010<br />
$’000<br />
Notes<br />
OPERATING ACTIVITIES<br />
Cash received<br />
Industry contribution (sugar levies) 3,854 4,146<br />
Receipts from Government 4,798 5,845<br />
Interest 619 410<br />
Net GST received 649 703<br />
Other 89 77<br />
Total cash received<br />
Cash used<br />
10,009 11,181<br />
Employees (811) (880)<br />
Suppliers (1,041) (996)<br />
Grants (8,987) (8,944)<br />
Total cash used (10,839) (10,820)<br />
Net cash from (used by) operating activities 9 (830) 361<br />
INVESTING ACTIVITIES<br />
Cash used<br />
Purchase of leasehold improvements, plant <strong>and</strong> equipment (7) (4)<br />
Total cash used (7) (4)<br />
Net cash from (used by) investing activities (7) (4)<br />
Net increase (decrease) in cash held (837) 357<br />
Cash <strong>and</strong> cash equivalents at the beginning<br />
of the reporting period<br />
9,990 9,633<br />
Cash <strong>and</strong> cash equivalents at the end<br />
of the reporting period<br />
5A 9,153 9,990<br />
The above statement should be read in conjunction with the accompanying notes.<br />
SRDC Annual Report 2010–2011 77
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