KU Financial Report
Statement of Cash flows
Notes to the Financial Statements
for the Financial Year Ended 31 December 2014
for the Financial Year Ended 31 December 2014
Note
Cash flows from operating activities
Receipts from customers, government bodies and centres
Receipts from government brokered programs
Payments to suppliers and employees
Allocations to recipients of brokered programs
Net cash generated by/(utilised in) operating activities
Cash flows from investing activities
Payment for property, plant and equipment
Receipts from government capital grants
Interest received
Finance cost
Dividends received
Proceeds from sale of PPE
Proceeds from investments
Payment for investments (term deposits)
22(a)
2014
$
2013
$
107,305,066
9,154,005
(101,509,146)
(7,632,890) 103,811,266
6,280,389
(103,314,319)
(8,150,966)
7,317,035 (1,373,630)
(1,298,751)
413,785
666,897
(21,762)
-
-
-
(12,000,000) (2,202,574)
1,000,973
635,758
(31,076)
90,904
454,182
8,007,732
-
(12,239,831) 7,955,899
(267,098) (279,028)
(267,098) (279,028)
Net (decrease)/ increase in cash and cash equivalents * (5,189,894) 6,303,241
Cash and cash equivalents at the beginning of the financial year
Cash and cash equivalents at the end of the financial year 31,281,091
26,091,197 24,977,850
31,281,091
Net cash (utilised in)/generated by investing activities
Cash flows from financing activities
Payment for finance leases
Net cash utilised by financing activities
22(b)
* KU is cashflow positive for the 2014 year having a net increase in cash of $6,810,106 (adding back term deposits).
Due to accounting disclosure requirements $12,000,000 has being reclassified from cash and cash equivalents to term
deposits resulting in the appearance of a cash decrease in the year.
The Statement of Cash Flows is to be read in conjunction with the attached notes.
119th Annual Report 2014
1. Corporate Information
The financial statements of KU Children’s Services (the Company) for the year ended 31 December 2014 were
authorised for issue in accordance with a resolution of the Directors on 16 March 2015.
2. Application of new and revised Accounting Standards
In the current year, the Company has applied a number of the new and revised AASBs issued by the Australian
Accounting Standar