Statement of Cash Flows 

For the years ending 30 June 2005 and 2006

	2004/05 Budgeted $000	2004/05 Estimated Actual $000	2005/06 Budgeted $000
Cash flows from operating activities
Cash provided from:
Supply of outputs to:
Crown	13,361	13,361	29,350
Department	145	145	457
Other	13,821	13,821	24,813
Cash disbursed to:
Cost of producing outputs	(34,418)	(34,418)	(58,621)
Capital charge	(295)	(295)	(355)
Net cash flows from operating activities	(7,386)	(7,386)	(4,356)
Cash flows from investing activities
Cash provided from:
Sale of physical assets	0	0	0
Cash disbursed to:
Purchase of physical assets	(1,853)	(1,853)	(4,150)
Net cash flows from investing activities	(1,853)	(1,853)	(4,150)
Cash flows from financing activities
Cash provided from:
Capital Contributions from the Crown	10,264	10,264	9,576
Cash disbursed to:
Payment of surplus to the Crown	(747)	(747)	0
Net cash flows from financing activities	9,517	9,517	9,576
Net increase/(decrease) in cash held	278	278	1,070
Opening total cash balances at 1 July	31	31	309
Closing total cash balances at 30 June projected	309	309	1,379

Reconciliation of Net Cash Flows from Operating Activities to Net Surplus/(Deficit) in the Operating Statement 

For the years ending 30 June 2005 and 2006 

	2004/05 Budgeted $000	2004/05 Estimated Actual $000	2005/06 Budgeted $000
Net surplus/(deficit) from operations	(5,833)	(5,833)	(1,805)
Add/(deduct) non-cash expenses/(revenues) from operating statement
Depreciation and amortisation	827	827	1,736
Add/(deduct) non-cash working capital reductions/(increases) from balance sheet
(Increase)/decrease in receivables and advances	(2,390)	(2,390)	(3,584)
(Increase)/decrease in Debtor Crown	2	2
Increase/(decrease) in payables and provisions	(576)	(576)	433
Increase/(decrease) in other accrued liabilities	584	584	(82)
Items classified as investing activities
Net (gain)/loss on sale of physical assets	0	0	0
Net cash flows from operating activities	(7,386)	(7,386)	(4,356)

Forecast Details of Fixed Assets by Category

	30 June 2005	30 June 2006 Projected Position
	Estimated Actual Position $000	Cost $000	Accumulated Depreciation $000	Net Book Value $000
Office equipment	55	357	331	26
Office renovations	434	2,399	1,084	1,315
Furniture and fittings	281	728	74	654
Computer hardware	1,830	4,184	1,564	2,620
Computer software	730	2,492	1,531	961
Motor vehicles	17	319	134	185
Total	3,347	10,479	4,718	5,761

Estimated Capital Expenditure by Category

	Forecast 2005/06 $000	Estimated Actual 2004/05 $000	Budget 2004/05 $000	Actual 2003/04 $000	Actual 2002/03 $000	Actual 2001/02 $000	Actual 2000/01 $000
Office equipment	10	32	32	7	22	3	21
Office renovations	1,230	149	167	74	269	151	128
Furniture and fittings	500				2
Computer hardware	1,725	664	939	555	261	322	108
Computer software	518	50	50	288	940	34	23
Motor vehicles	200	38	38			29	23
Total	4,183	933	1,226	924	1,494	539	303

The forecast capital expenditure for the 2005/06 financial year is primarily replacement and upgrade for the Department's information technology and office renovations, to help our staff efficiently deliver the services set out in this Statement of Intent.

This statement should be read in conjunction with the statement of significant underlying assumptions and statement of significant accounting policies.