| Note* | 2019 $000 |
2018 $000 |
||
|---|---|---|---|---|
|
Cash flows from operating activities |
||||
|
Receipts |
||||
|
Receipts from external customers |
124,738 | 122,187 | ||
|
Interest received |
636 | 677 | ||
|
Other receipts |
1,561 | 1,190 | ||
| Total receipts | 126,935 | 124,054 | ||
|
Payments |
||||
|
Payments for employee benefits |
(20,469) | (19,782) | ||
|
Payments to suppliers |
(27,055) | (24,579) | ||
|
Forest management expenditure |
(69,610) | (72,783) | ||
| Total payments | (117,134) | (117,144) | ||
|
Net cash inflow from operating activities |
7.2.2 | 9,801 | 6,910 | |
|
Cash flows from investing activities |
||||
|
Purchase of non-current physical assets |
(4,449) | (3,340) | ||
|
Purchase of intangible assets |
(169) | (305) | ||
|
Purchase of investments: |
||||
| Investment in new plantations | (5,798) | (6,068) | ||
| Net cash used in investing activities | (10,416) |
(9,713) |
||
|
Cash flows from / (to) State Government |
||||
|
Royalties for Regions Fund |
3.3 | - | 250 | |
|
State Contribution (equity injection) |
- | 1,300 | ||
|
Other grants and subsidies |
3.3 | 1,667 | 5,353 | |
| Dividends paid | (1,044) |
(3,617) |
||
| Taxation equivalents | 845 |
(1,278) |
||
| Net cash provided from State Government | 1,468 |
2,008 |
||
| Net increase/(decrease) in cash and cash equivalents | 853 |
(795) |
||
| Cash and cash equivalents at the beginning of year | 30,551 |
31,346 |
||
| Cash and cash equivalents at the end of year | 7.2.1 | 31,404 |
30,551 |
|
For the year ended 30 June 2019. The 'Statement of Cash Flows' should be read in conjunction with the accompanying notes.