KU Financial Report
21. Notes to the Cash Flow Statement
2016
$ 2015
$
Surplus for the period 5,563,232 5,340,237
Depreciation and Amortisation of non-current assets 1,933,337 1,915,657
24,289 18,901
(894,997) (757,171)
30,770 25,265
Government capital funding (63,374) (520,088)
Finance Lease adjustments (13,734) 12,497
66,135 (35,000)
(a) Reconciliation of Surplus for the period to Net Cash Flows From
Operating Activities
Loss on sale of non-current assets
Interest received
Interest paid
Make good adjustments
Movements in working capital:
Decrease in trade receivables and other assets (179,078) (182,196)
Increase/(Decrease) in trade payables and other liabilities (292,946) 2,757,390
849,483 832,023
7,023,118 9,407,515
Increase in provisions
Net cash generated from/(utilised in) operating activities
(b) Reconciliation of Cash and Cash Equivalents
For the purposes of the cash flow statement, cash and cash equivalents include cash at bank and on hand. Cash and cash
equivalents at the end of the financial year as shown in the Statement of Cash Flows is reconciled to the related items in the
balance sheet as follows:
Cash and cash equivalents
38,770,776
31,169,874
Cash includes $6,937,189 (2015: $6,056,921) which is held for disbursement in accordance with government funding
agreements and $5,442,485 (2015: $6,045,251) in relation to Work Based Services.
22. Term deposits
Term deposits
15,000,000 16,000,000
15,000,000 16,000,000
Term deposits comprise term deposit investments held with various banks. The maturity periods on these investments from the date
of purchase range between 3 to 10 months.
23. Information & Declarations to be Furnished Under the Charitable Fundraising Act 1991
Under this Act, KU holds a single authority to fundraise for KU centres. The authority does not extend to services which KU manages
on behalf of another organisation. Preparation of the following information reflects the level of disclosure existing in management
systems in use by the organisation.
121st Annual Report 2016