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Annual Report for the Year Ended 30 June 1999
- Our Vision
- Principal Functions
- Chief Executive's Overview
- The Way Forward
- Key Achievements
- The Ministry
- 1998/99 Financial Performance
- Key Statistics
- Statement of Responsibility
- Report of the Audit Office
- Financial Statements
- Output Class Performance
- References
Annual Report for the Year Ended 30 June 1999
1998/99 Financial Performance
Statement of Cash Flows
for the Year Ended 30 June 1999
Statement of Cash Flows for the Year Ended 30 June 1999.
|
30/6/99
Actual
$000 |
30/6/99
Budget
$000 |
30/6/98
Actual
$000 |
Cash flows - operating activities |
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|
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Cash provided from: |
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|
|
Supply of outputs to the Crown |
37,891 |
41,579 |
37,057 |
Supply of outputs to other parties |
2,140 |
2,484 |
2,619 |
Interest |
24 |
15 |
91 |
|
40,055 |
44,078 |
39,767 |
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Cash was applied to: |
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|
Produce outputs |
35,014 |
37,477 |
35,755 |
Capital charge |
1,032 |
1,100 |
1,078 |
Other expenses |
200 |
1,085 |
87 |
Net cash inflow/(outflow) from operating activities |
3,809 |
4,416 |
2,847 |
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Cash flows - investing activities |
Cash provided from: |
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Sale of fixed assets |
402 |
333 |
634 |
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Cash disbursed to: |
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Purchase of fixed assets |
2,485 |
4,140 |
3,392 |
Net cash inflow/(outflow) from investing activities |
(2,083) |
(3,807) |
(2,758) |
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Cash flows - financing activities |
Cash provided from: |
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Capital contribution |
0 |
0 |
500 |
Departmental working capital transfers |
(48) |
0 |
24 |
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Cash disbursed for: |
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Repayment surplus |
2,112 |
2,112 |
1,665 |
Net cash inflow/(outflow) from financing activities |
(2,160) |
(2,112) |
(1,141) |
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Net decrease in cash held |
(434) |
(1,503) |
(1,052) |
Add opening cash and deposits |
3,802 |
3,802 |
4,854 |
Closing cash and deposits |
3,368 |
2,299 |
3,802 |
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Cash and deposits comprises: |
Cash |
2,368 |
1,299 |
2,802 |
Short-term deposits |
1,000 |
1,000 |
1,000 |
Reconciliation of Net Surplus to Net Cash Flows from Operating Activities for the Year Ended 30 June 1999
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30/6/99
Actual
$000 |
30/6/99
Budget
$000 |
30/6/98
Actual
$000 |
Reconciliation of Net Surplus to Net Cash Flows from Operating Activities for the Year Ended 30 June 1999.
Net surplus |
(118) |
(1,785) |
2,112 |
Add/(less) non-cash items: |
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Depreciation |
2,212 |
2,538 |
1,964 |
Write downs |
96 |
0 |
0 |
Total non-cash items |
2,308 |
2,538 |
1,964 |
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Add/(less) movements in working capital items |
(Increase)/Decrease in debtors and receivables |
(1,286) |
2,540 |
(518) |
(Increase)/Decrease in prepayments |
(125) |
0 |
283 |
Department/Crown debtor transfer |
0 |
0 |
(4) |
Increase/(Decrease) in creditors and payables |
593 |
(177) |
(1,146) |
Increase/(Decrease) in current employee entitlements |
2,692 |
1,300 |
305 |
(Increase)/Decrease in inventories |
(2) |
0 |
12 |
Increase/(Decrease) in unearned revenue |
(186) |
0 |
(216) |
Working capital movements - net |
1,686 |
3,663 |
(1,284) |
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Add/(less) investing activity items: |
Net loss/(gain) on sale of fixed assets |
(67) |
0 |
(45) |
Other - ACC premium adjustment |
0 |
0 |
100 |
Total investing activity items |
(67) |
0 |
55 |
Net cash flow from operating activities |
3,809 |
4,416 |
2,847 |
Statement of Commitments as at 30 June 1999 The Ministry has short to long-term leases on its premises. The annual lease payments are subject tt two to six yearly reviews. The amounts disclosed below as future commitments are based on current rental rates.
Statement of Commitments as at 30 June 1999.
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30/6/99
Actual
$000 |
30/6/98
Actual
$000 |
Operating lease commitments |
- Less than one year |
1,333 |
1,272 |
- One to two years |
988 |
1,146 |
- Two to five years |
220 |
1,213 |
- More than five years |
109 |
109 |
Total operating lease commitments |
2,650 |
3,740 |
Capital commitments |
34 |
114 |
Total commitments |
2,684 |
3,854 |
Statement of Contingent Liabilities as at 30 June 1999
Statement of Contingent Liabilities as at 30 June 1999.
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30/6/99
Actual
$000 |
30/6/98
Actual
$000 |
Legal proceedings and disputes |
244 |
2,420 |
Total contingent liabilities |
244 |
2,420 |
These contingent liabilities relate, in the main, to personal grievances.
Statement of Unappropriated Expenditure for the Year Ended 30 June 1999 The Ministry has not incurred any unappropriated expenditure during the 1998/99 financial year.
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