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Statement of Cash Flows For the Year Ended 31 December 2008 | | Consolidated | | University | | Notes | This Year | Last Year | | This Year | Budget | Last Year | | | $000 | $000 | | $000 | $000 | $000 | | Cash Flows from Operating Activities | | Cash was provided from: | | Government Funding and Grants | | 86,568 | 81,199 | | 86,568 | 68,143 | 81,199 | | Revenues from Tuition Fees | | 61,391 | 59,455 | | 61,391 | 61,497 | 59,528 | | Other Revenue | | 49,944 | 52,268 | | 45,334 | 55,373 | 47,969 | | Receipts for Capital Investment | | - | 20 | | - | - | 20 | | Interest Received | | 2,502 | 3,523 | | 2,409 | 1,950 | 3,258 | | Goods and Services Tax (net) | | 607 | (662) | | 607 | - | (618) | | | | 201,012 | 195,803 | | 196,309 | 186,963 | 191,356 | | | | Cash was applied to: | | Interest Paid | | (177) | (189) | | (177) | - | (189) | | Suppliers | | (68,563) | (58,926) | | (65,787) | (65,942) | (58,952) | | Employees | | (108,929) | (112,562) | | (108,114) | (98,912) | (107,662) | | | | (177,669) | (171,677) | | (174,078) | (164,854) | (166,803) | | | | Net Cash Flows from Operating Activities | 22 | 23,343 | 24,126 | | 22,231 | 22,109 | 24,553 | | | | Cash Flows from Investing Activities | | Cash was provided from: | | Sale of Investments | | - | 25 | | - | - | - | | Property, Plant and Equipment Sales | 101 | 140 | | 101 | 100 | 140 | | Short Term Investments - three months or less | - | 13 | | - | - | 13 | | Short Term Investments - more than three months | - | 21,000 | | - | - | 21,000 | | | | 101 | 21,178 | | 101 | 100 | 21,153 | | | | Cash was applied to: | | Term Investments | | (126) | (438) | | (126) | - | (74) | | Purchase of Investments | | (156) | - | | (156) | - | - | | Short Term Investments - more than three months | (238) | (21,000) | | - | - | (21,000) | | Property Plant & Equipment and Intangibles | (26,776) | (23,818) | | (24,256) | (28,850) | (22,191) | | | | (27,296) | (45,256) | | (24,538) | (28,850) | (43,265) | | | | Net Cash Flows from Investing Activities | (27,195) | (24,078) | | (24,437) | (28,750) | (22,112) | | | | Cash Flows from Financing Activities | | Cash was provided from: | - | - | | - | - | - | | | | Cash was applied to: | | Repayment of Finance Lease Liabilities | | (2) | - | | (2) | - | - | | Dividends Paid | | (3) | - | | - | - | - | | Loans Repaid | | (122) | (134) | | (122) | - | (134) | | | | (127) | (134) | | (124) | - | (134) | | | | Net Cash Flows from Financing Activities | (127) | (134) | | (124) | - | (134) | | | | Net Cash Flows From All Activities | | (3,979) | (86) | | (2,330) | (6,641) | 2,307 | | | | Opening Cash and Cash Equivalents | | 23,131 | 23,216 | | 20,725 | 18,000 | 18,417 | | Less Non Cash Currency Loss | | - | - | | - | - | - | | Closing Cash Balance | | 19,152 | 23,130 | | 18,395 | 11,359 | 20,724 | | | | Cash and Cash Equivalents | | 19,152 | 20,130 | | 18,395 | 11,359 | 17,724 | | Short Term Investments | 10 | - | 3,000 | | - | - | 3,000 | | | | 19,152 | 23,130 | | 18,395 | 11,359 | 20,724 | The Goods and Services Tax (GST) (net) component of operating activities reflects the net GST paid and received with the Inland Revenue Department. The GST (net) component has been presented on a net basis, as the gross amounts do not provide meaningful information for financial statement purposes. The accompanying notes form an integral part of, and should be read in conjunction with, this statement. |
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