Reconciliation of Forecast Net Surplus to Net Cash Flows from Operating Activities for the year ending 30 June 2008

Reconciliation of Forecast Net Surplus to Net Cash Flows from Operating Activities for the year ending 30 June 2008

  2006/07
Budgeted
$000
2006/07
Estimated
Actual
$000
2007/08
Forecast
$000
Net surplus/(deficit) (23,647) (23,647) (13,563)
Add/(deduct) non-cash items:      
Depreciation 9,359 9,359 13,086
Total non-cash items 9,359 9,359 13,086
Add/(deduct) movements in working capital items:      
(Increase)/decrease in debtors and receivables 669 669 0
(Increase)/decrease in debtor Crown 447 447 0
(Increase)/decrease in prepayment (385) (385) 0
Increase/(decrease) in creditors and payables 8,357 8,357 (2,000)
Increase/(decrease) in provisions (63) (63) (63)
Increase/(decrease) in current employee entitlements 364 364 0
Other items (437) (437) 0
Working capital movements - net 8,952 8,952 (2,063)
Add/(deduct) investing activity items:      
Net loss/(gain) on sale of fixed assets 0 0 0
Total investing activity items 0 0 0
Net cash flows from operating activities (5,336) (5,336) (2,540)

The accompanying accounting policies and notes form part of these financial statements.

 

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