Statement of Financial Position
as at 30 June 2005
Statement of financial position as at 30 June 2005
| |
Note |
2005
Actual
$000 |
2004
Actual
$000 |
Current Assets
|
| Bank |
|
8,118 |
4,438 |
| Investments |
1 |
138,999 |
121,104 |
| Receivables |
|
4,009 |
2,877 |
| Total Current Assets |
|
151,126 |
128,419 |
| |
Non-Current Assets
|
| Investments |
1 |
43,760 |
43,298 |
| Total Non-Current Assets |
|
43,760 |
43,298 |
| Total Assets |
|
194,886 |
171,717 |
| |
Current Liabilities
|
| Payable to Department of Building and Housing |
|
7,787 |
3,968 |
| Other |
|
34 |
29 |
| Total Current Liabilities |
|
7,821 |
3,997 |
| Net Assets |
|
187,065 |
167,720 |
| |
Bondholders' Funds
|
| Opening balance |
|
167,720 |
147,332 |
| Net increase |
|
19,345 |
20,388 |
| Closing Balance of Bondholders' Funds |
|
187,065 |
167,720 |
Statement of Cash Flows
for the year ended 30 June 2005
Statement of cash flows for the year ended 30 June 2005
| |
2005
Actual
$000 |
2004
Actual
$000 |
Cash flows from operating activities
|
| Cash was provided from: |
| Interest received |
10,059 |
8,673 |
| |
| Cash was disbursed to: |
|
|
| Interest payments to Department of Building and Housing |
(7,372) |
(8,963) |
| Net cash flows from operating activities |
2,687 |
(290) |
| |
Cash flows from investing activities
|
| Cash was provided from: |
| Proceeds from maturity of investments |
151,021 |
118,191 |
| Proceeds from disposal of goods |
5 |
- |
| |
| Cash was disbursed to: |
|
|
| Purchase of investments |
(169,378) |
(137,126) |
| Net cash flows from investing activities |
(18,352) |
(18,935) |
| |
Cash flows from financing activities
|
| Cash was provided from: |
| Lodgement of bonds |
109,707 |
102,693 |
| |
| Cash was disbursed to: |
|
|
| Refund of bonds |
(90,362) |
(82,305) |
| Net cash flows from financing activities |
19,345 |
20,388 |
| Net increase/(decrease) in cash held |
3,680 |
1,163 |
| Opening cash |
4,438 |
3,275 |
| Closing cash |
8,118 |
4,438 |