Note 2018 2017 Statement of changes in equity $000 $000 Cash flows from State Government For the year ended 30 June 2018 Service appropriation 24 882 26 421 Holding account drawdown 226 173 Non-retained revenue distributed to owner (2931) - Note Contributed Accumulated Total equity surplus/(deficit) equity Royalties for Regions Fund 22 35 $000 $000 $000 Net cash provided by State Government 22 199 26 629 Utilised as follows Balance as at 1 July 2016 - 12 481 12 481 Cash flows from operating activities Surplus/(deficit) - 2098 2098 Payments Total comprehensive income Employee benefits (19 167) (18 653) - 2098 2098 for the period Supplies and services (2278) (3350) Accommodation (2468) (2048) Balance as at 30 June 14 579 14 579 26 - Grants and subsidies (609) (895) 2017 Balance as at 1 July 2017 - 14 579 14 579 GST payments on purchases (503) (615) Surplus/(deficit) - 1468 1468 Receipts Total comprehensive income User charges and fees 93 110 - 1468 1468 for the period GST receipts on sales 17 53 GST receipts from taxation authority 451 1062 Transactions with owners in Other receipts 552 331 their capacity as owners: Net cash provided by/(used in) operating Distribution to owners - (23 912) (24 005) 27 activities Transfer of surplus cash to - (2931) (2931) the Consolidated Account Cash flows from investing activities Payments Total - (2931) (2931) Purchase of non-current assets (9) (43) Balance as at 30 June 26 - 13 116 13 116 Net cash provided by/(used in) investing (9) (43) 2018 activities Net increase/(decrease) in cash and cash (1722) 2581 The 'Statement of Changes in Equity' should be read in conjunction with the accompanying notes. equivalents Cash and cash equivalents at the beginning of 12 772 10 191 period Cash and cash equivalents at the end of period 27 11 050 12 772 The 'Statement of Cash Flows' should be read in conjunction with the accompanying notes. Statement of cash flows For the year ended 30 June 2018
Statement of changes in equity For the year ended 30 June 2018 Note Contributed equity $000 Accumulated surplus/(deficit) $000 Total equity $000 Balance as at 1 July 2016 - 12 481 12 481 Surplus/(deficit) - 2098 2098 Total comprehensive income for the period - 2098 2098 Balance as at 30 June 2017 26 - 14 579 14 579 Balance as at 1 July 2017 - 14 579 14 579 Surplus/(deficit) - 1468 1468 Total comprehensive income for the period - 1468 1468 Transactions with owners in their capacity as owners: Distribution to owners - Transfer of surplus cash to the Consolidated Account - (2931) (2931) Total - (2931) (2931) Balance as at 30 June 2018 26 - 13 116 13 116 The 'Statement of Changes in Equity' should be read in conjunction with the accompanying notes. Statement of cash flows For the year ended 30 June 2018 Note 2018 $000 2017 $000 Cash flows from State Government Service appropriation 24 882 26 421 Holding account drawdown 226 173 Non-retained revenue distributed to owner (2931) - Royalties for Regions Fund 22 35 Net cash provided by State Government 22 199 26 629 Utilised as follows Cash flows from operating activities Payments Employee benefits (19 167) (18 653) Supplies and services (2278) (3350) Accommodation (2468) (2048) Grants and subsidies (609) (895) GST payments on purchases (503) (615) Receipts User charges and fees 93 110 GST receipts on sales 17 53 GST receipts from taxation authority 451 1062 Other receipts 552 331 Net cash provided by/(used in) operating activities 27 (23 912) (24 005) Cash flows from investing activities Payments Purchase of non-current assets (9) (43) Net cash provided by/(used in) investing activities (9) (43) Net increase/(decrease) in cash and cash equivalents (1722) 2581 Cash and cash equivalents at the beginning of period 12 772 10 191 Cash and cash equivalents at the end of period 27 11 050 12 772 The 'Statement of Cash Flows' should be read in conjunction with the accompanying notes.
psc_annual_report_2017-18_2.docx