CHANGES IN EQUITY
For the year ending 30 June Accumulated surplus Total $ $
Balance at 1 July 2020 8,607,327 8,607,327
Transfer to Reserves - Surplus for the year 1,298,588 1,298,588
Balance at 30 June 2021 9,905,915 9,905,915
Transfer to Reserves -
Surplus for the year 996,499 996,499
Balance at 30 June 2022 6 10,902,414 10,902,414
CASH FLOWS
Note 2022 2021 $ $
Cash flows from operating activities |
|
|
|
Receipts from operations |
|
3,282,237 |
2,712,070 |
Receipts from government funding 2,538,576 3,099,259 Interest received 3,334 9,136 Payments to suppliers and employees ( 4,797,060 ) ( 4,488,116 ) Net cash flow from operating activities 9 1,027,087 1,332,349
Cash flows from investing activities |
|
|
Payments for plant and equipment |
( 559,019 ) |
( 591,952 ) |
Proceeds from sale of plant and equipment |
|
50,909 |
30,750 |
Net cash flow from investing activities |
|
( 508,110 ) |
( 561,202 ) |
Cash flows from investing activities |
|
|
|
Proceeds from borrowings |
|
- |
- |
Net cash flow from investing activities |
|
- |
- |
Net increase / ( decrease ) in cash held
Cash at beginning of financial year
518,977 771,147
7,652,080 6,880,933
Cash at end of financial year 3 8,171,057 7,652,080 2021 / 22 ABA ANNUAL REPORT
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