Department of Defence
CASH FLOW STATEMENT
for the period ended 30 June 2008

  Notes 2008
$'000
2007
$'000
OPERATING ACTIVITIES
Cash received
Goods and services (including cost recovery)   579,628 529,853
GST receipts from customers   17,034 20,181
Appropriations (current year)   19,659,706 17,133,408
Appropriations (prior year)   50,000 6,736
Net GST received from Australian Taxation Office   443,097 420,895
Other cash received   114,174 69,351
Total cash received   20,863,639 18,180,424
 
Cash used
Employees   (7,248,681) (6,570,436)
Suppliers   (7,733,976) (6,983,772)
GST payments to suppliers   (459,476) (439,068)
Grants   (17,894) (5,270)
Other cash used   (800) (5,185)
Total cash used   (15,460,827) (14,003,731)
 
Net cash flows from (used by) operating activities 11 5,402,812 4,176,693
 
INVESTING ACTIVITIES
Cash received
Proceeds from sales of land and buildings 1   24,486 74,399
Proceeds from sales of plant and equipment 1   40,300 40,449
Proceeds from sales of specialist military equipment 1   2 23,770
Proceeds from sales of infrastructure 1   - 1,106
Other cash received   595 1,706
Total cash received   65,383 141,430
 
Cash used
Purchase of land and buildings   (608,490) (622,952)
Purchase of plant and equipment   (156,956) (179,803)
Purchase of specialist military equipment   (3,603,107) (4,393,676)
Purchase of infrastructure   (53,099) (69,463)
Purchase of software and intangibles   (60,287) (16,823)
Purchase of inventory   (1,446,140) (1,070,934)
Purchase of heritage and cultural assets   (19) (2,059)
Selling costs on sale of assets 1   (12,459) (17,355)
Finance costs   (15,193) (11,589)
Total cash used   (5,955,750) (6,384,654)
 
Net cash flows from (used by) investing activities   (5,890,367) (6,243,224)
 
FINANCING ACTIVITIES
Cash received
Appropriations - contributed equity (current year)   1,998,630 1,998,277
Appropriations - contributed equity (prior year)   - 160,850
Total cash received   1,998,630 2,159,127
 
Cash used
Repayment of debt (including finance lease principal)   (24,039) (54,166)
Return of contributed equity   (1,490,897) (42,338)
Total cash used   (1,514,936) (96,504)
 
Net cash flows from (used by) financing activities   483,694 2,062,623
 
Net increase/(decrease) in cash held   (3,861) (3,908)
Cash and cash equivalents at the beginning of the reporting period   32,007 36,221
Effect of exchange rate movements on cash and cash equivalents 4G 1,077 (306)
Cash and cash equivalents at the end of the reporting period 5A 29,223 32,007
  1. The 2006-07 comparative figures have been updated to reflect selling costs on sale of assets in investing cash used.

The above statement should be read in conjunction with the accompanying notes.