Challenger TAFE | Annual Report 2006 - Parliament of Western ...

Challenger TAFE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2006
33 Notes to the Cash Flow Statement
Reconciliation of cash
Cash at the end of the fi nancial year, as shown in the Cash Flow Statement is reconciled to the related
items in the Balance Sheet as follows:
Challenger TAFE | Annual Report 2006 107
2006 2005
$ $
Cash on hand 17,469 13,930
Cash advances - 1,200
Cash at bank (569,539) 2,463,397
Short term deposits 6,946,517 4,481,232
6,394,447 6,959,759
Restricted cash and cash equivalents (refer to note 22 ‘Restricted cash and cash equivalents’) 899,091 569,068
7,293,538 7,528,827
Reconciliation of net cost of services to net cash fl ows provided by / (used in) operating activities
Net Cost of Services (56,435,427) (50,184,193)
Non-cash items:
Depreciation and amortisation expense (note 8 ) 4,654,821 4,043,012
Doubtful debts expense (note 12) 33,654 (2,383)
Superannuation expense (note 6) 3,866,343 3,322,577
Resources received free of charge 2,184,781 1,279,020
Net (gain) / loss on sale of property, plant and equipment (note 20) 73,504 174,155
(Increase)/decrease in assets:
Current receivables (c) (211,544) 112,318
Current inventories 7,196 (15,474)
Other current assets (61,781) 24,671
Current payables (c) (493,313) 213,195
Current provisions (1,257,374) 548,147
Other current liabilities 5,312,977 46,097
Non-current Provisions 1,271,056 (12,260)
Net GST receipts/(payments) (a) (869,946) (741,961)
Change in GST in receivables/payables (b) 834,764 734,192
Net cash provided by/(used in) operating activities (41,090,289) (40,458,887)
(a) This is the net GST paid/received, i.e. cash transactions
(b) This reverses out the GST in receivables and payables
(c) Note that the ATO receivable /payable in respect in respect of the sale/purchase of non-current
assets are not included in these items as they are not reconciling items