Note* | 2018 $000 |
2017 $000 |
||
---|---|---|---|---|
Cash flows from operating activities |
||||
Receipts |
||||
Sale of goods and services |
122,187 | 119,296 | ||
Interest received |
677 | 916 | ||
Other receipts |
1,190 | 1,219 | ||
Payments |
||||
Employee benefits |
(19,782) | (19,973) | ||
Supplies and services |
(24,579) | (23,335) | ||
Forest management expenditure |
(72,783) | (74,901) | ||
Net cash generated by operating activities |
38.2 | 6,910 | 3,222 | |
Cash flows from investing activities |
||||
Payments |
||||
Purchase of non-current physical assets |
(3,340) | (6,077) | ||
Purchase of intangible assets |
(305) | (211) | ||
Purchase of investments - Investment in new plantations |
(6,068) | (5,849) | ||
Net cash used in investing activities | (9,713) |
(12,137) |
||
Cash flows from / (to) State Government |
||||
Royalties for Regions Fund |
250 | 250 | ||
State Contribution (equity injection) |
1,300 | 2,100 | ||
Other grants and subsidies |
5,353 | 1,451 | ||
Dividends paid | (3,617) |
(2,530) |
||
Taxation equivalents | (1,278) |
(561) |
||
Net cash received from State Government | 2,008 |
710 |
||
Net decrease in cash and cash equivalents | (795) |
(8,205) |
||
Cash and cash equivalents at the beginning of year | 31,346 |
39,551 |
||
Cash and cash equivalents at the end of year | 38.1 | 30,551 |
31,346 |
For the year ended 30 June 2018. The 'Statement of cash flows' should be read in conjunction with the accompanying notes.