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Statement of Forecast Cash Flows

FOR THE YEAR ENDING 30 JUNE 2008

The Forecast Statement of Cash Flows summarises the cash movements in and out of the Ministry for the financial year.

  ACTUAL
2005/06
$(000)		 BUDGET
2006/07
$(000)		 ESTIMATED
ACTUAL
2006/07
$(000)		 FORECAST
2007/08
$(000)
Cash Flows from Operating Activities        
Cash Provided from:        
Supply of Outputs to:        
  • Receipts from Crown revenue
 153,430 188,903 186,351 175,444
  • Receipts from department revenue
 3,451 4,885 4,885 4,806
  • Receipts from other revenue
 75,357 91,094 86,544 91,090
Cash Disbursed to:        
Cost of Producing Outputs:        
  • Payments to suppliers and employees
 (230,775) (268,812) (262,635) (257,720)
  • Capital charge paid
 (1,241) (1,810) (1,810) (1,980)
  • Goods and services tax (net)
 (306) 113 113 -
  • Other expenses
 (36) (60) (60) (60)
Net Cash Flows from Operating Activities (120) 14,313 13,388 11,580
Cash Flows from Investing Activities        
Cash Provided from:        
  • Sale of property, plant and equipment
 677 650 650 650
Cash Disbursed to:        
  • Purchase of property, plant and equipment
 (29,485) (18,989) (18,989) (2,900)
  • Purchase of intangible assets
 - - - (10,284)
Net Cash Flows from Investing Activities (28,808) (18,339) (18,339) (12,534)
Cash Flows from Financing Activities        
Cash Provided from:        
  • Capital contribution from Crown
 10,626 2,970 2,970 3,184
Cash Disbursed to:        
  • Payment of surplus to the Crown
 (3,278) (14) (14) -
  • Capital withdrawn
 (595) (595) (595) (595)
  • Finance leases
 - - - (3,200)
  • Finance lease interest
 - - - (380)
Net Cash Flows from Financing Activities 6,753 2,361 2,361 (991)
Net increase/(decrease) in cash held (22,175) (1,665) (2,590) (1,945)
Add opening cash 33,083 10,908 10,908 8,318
Closing Total Cash Balances at 30 June 10,908 9,243 8,318 6,373

The forecast financial statements for 2007/08 have been prepared in accordance with NZ GAAP and comply with NZ IFRS and other applicable financial reporting standards, as appropriate for public benefit entities. The comparative figures for 2005/06 and 2006/07 have been prepared under current GAAP and have not been restated to comply with NZ IFRS.

The Statement of Accounting Policies should be read in conjunction with these financial statements.

Contact for Enquiries

Strategy and Performance Group
Ministry of Agriculture and Forestry
Pastoral House
25 The Terrace
PO Box 2526, Wellington

Tel: +64 4 894 0100
Fax: +64 4 894 0738 Contact this person

 
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