Comcare cashflow statement

for the period ended 30 June 2017

 

Notes

2017
$'000

2016
$'000

Original Budget
$'000

     

OPERATING ACTIVITIES

    
     

Cash received

    

Sales of goods and rendering of services

 

42,473

38,511

37,635

Receipts from Government

 

70,331

71,536

69,867

Interest

 

35,336

27,899

29,712

Workers' compensation premiums

 

426,294

435,851

449,653

Other cash received

 

408

756

-

Total cash received

 

574,842

574,553

586,867

     

Cash used

    

Employees

 

67,083

67,653

67,789

Net GST paid

 

34,649

36,794

44,253

Suppliers

 

39,537

36,765

36,824

Workers' compensation claims

 

250,632

266,585

294,724

Asbestos-related disease claims

 

18,708

22,594

30,045

Total cash used

 

410,609

430,391

473,635

     

Net cash from operating activities

3.1

164,233

144,162

113,232

     

INVESTING ACTIVITIES

    
     

Cash received

    

Proceeds from sales of property, plant and equipment

 

4

18

-

Total cash received

 

4

18

-

     

Cash used

    

Purchase of property, plant and equipment

 

4,797

1,460

13,300

Total cash used

 

4,797

1,460

13,300

     

Net cash used by investing activities

 

(4,793)

(1,442)

(13,300)

     

Net increase in cash held

 

159,440

142,720

99,932

Cash and cash equivalents at the beginning of the reporting period

 

820,339

677,619

772,174

Cash and cash equivalents at the end of the reporting period

2.1A

979,779

820,339

872,106

     

The above statement should be read in conjunction with the accompanying notes.