Annual Report 2011 - New Zealand Symphony Orchestra
Annual Report 2011 - New Zealand Symphony Orchestra
Annual Report 2011 - New Zealand Symphony Orchestra
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18<br />
STATEMENT OF CASH FLOWS<br />
FOR THE YEAR ENDED 30 JUNE <strong>2011</strong><br />
CASH FLOWS FROM OPERATING ACTIVITIES<br />
Notes Actual Budget Actual<br />
<strong>2011</strong> <strong>2011</strong> 2010<br />
$000 $000 $000<br />
Receipts from Customers 4,224 4,104 3,851<br />
Interest Received 201 142 173<br />
Government Funding 13,446 13,446 13,446<br />
Payments to and on behalf of employees (10,029) (10,321) (9,825)<br />
Payments to Suppliers (7,733) (7,835) (6,315)<br />
Net Goods and Services Tax (35) - (132)<br />
NET CASH FLOWS FROM OPERATING ACTIVITIES 74 (464) 1,198<br />
CASH FLOWS FROM INVESTING ACTIVITIES<br />
Sales of Property, Plant & Equipment - - -<br />
Purchases of Property, Plant & Equipment (74) (176) (58)<br />
Purchases of Intangible Assets - (4) (18)<br />
Term Deposits > 3 months 1,000 - (1,000)<br />
NET CASH FLOWS FROM INVESTING ACTIVITIES 926<br />
(180) (1,076)<br />
NET INCREASE / (DECREASE) IN CASH HELD 1,000 (644) 122<br />
ADD: CASH AT BEGINNING OF THE YEAR 3,109 3,583 2,987<br />
CASH AT END OF THE YEAR 4,109 2,939 3,109<br />
Represented by:<br />
Cash & Cash Equivalents<br />
Bank 3 ,099 1,939 3,109<br />
Term Deposits
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