Change in operating assets and liabilities (Increase) decrease in accrued income (182) 449 Decrease (increase) in receivables (2,743) (1,242) Decrease (increase) in prepayments 286 (282) Increase (decrease) in trade creditors 2,388 1,960 Increase (decrease) in case-related professional creditors 1,912 1,628 Increase (decrease) in employee provisions 323 619 Increase (decrease) in other provisions 3,514 - Net cash inflow/(outflow) from operating activities (2,129) 9,676 6.2 Trust account Victoria Legal Aid as a corporate entity under the Legal Practice Act 1996 (Vic) maintains a trust account in accordance with that Act. Victoria Legal Aid Trust account statement of receipts and 2017 2016 payments For the year ended 30 June 2017 $’000 $’000 Receipts Balance at beginning of year 346 225 Amounts received from Legal Practice Board - 11 Amounts received on behalf of clients 278 294 624 530 Less Payments Amounts paid on behalf of clients 246 184 Balance at end of year 378 346 This amount is represented by: Cash at bank 207 175 Deposits with the Legal Practice Board 171 171 378 346 The trust fund does not form part of the financial statements. It is included for organisation’s information purposes only and is audited by a private accounting firm. 6.3 Commitments Commitments include those operating, capital and other outsourcing commitments arising from contractual or statutory sources and are disclosed at their nominal value and inclusive of GST payable.
Change in operating assets and liabilities (Increase) decrease in accrued income (182) 449 Decrease (increase) in receivables (2,743) (1,242) Decrease (increase) in prepayments 286 (282) Increase (decrease) in trade creditors 2,388 1,960 Increase (decrease) in case-related professional creditors 1,912 1,628 Increase (decrease) in employee provisions 323 619 Increase (decrease) in other provisions 3,514 - Net cash inflow/(outflow) from operating activities (2,129) 9,676 6.2 Trust account Victoria Legal Aid as a corporate entity under the Legal Practice Act 1996 (Vic) maintains a trust account in accordance with that Act. Victoria Legal Aid Trust account statement of receipts and payments For the year ended 30 June 2017 2017 $’000 2016 $’000 Receipts Balance at beginning of year 346 225 Amounts received from Legal Practice Board - 11 Amounts received on behalf of clients 278 294 624 530 Less Payments Amounts paid on behalf of clients 246 184 Balance at end of year 378 346 This amount is represented by: Cash at bank 207 175 Deposits with the Legal Practice Board 171 171 378 346 The trust fund does not form part of the organisation’s financial statements. It is included for information purposes only and is audited by a private accounting firm. 6.3 Commitments Commitments include those operating, capital and other outsourcing commitments arising from contractual or statutory sources and are disclosed at their nominal value and inclusive of GST payable.
vla-annual-report-2016-17-final.docx