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Part 4: Financial statements (continued)

Schedule of administered cash flows

Schedule of administered cash flows
for the period ended 30 June 2012
  Notes 2012
$’000
2011
$’000
OPERATING ACTIVITIES      
Cash received      
Sale of goods and rendering of services   930,357 1,238,387
Interest   4,580 3,144
Dividends   750,000
Net GST received   1,352 3
HIH Group liquidation proceeds   23,479 62,244
COAG receipts from government agencies   11,584,682 10,990,758
Other   4,853 4,590
Total cash received   12,549,303 13,049,126
Cash used      
Grant payments   95,518,128 91,552,618
Interest   14,273 16,965
Other   17,412 23,166
Total cash used   95,549,813 91,592,749
Net cash from (used by) operating activities 23 (83,000,510) (78,543,623)
       
INVESTING ACTIVITIES      
Cash received      
IMF   58 401,962
Total cash received   58 401,962
Cash used      
Settlement of IMF obligations   736,184 315,051
Settlement of international financial institution’s obligations   26,984 243,824
Settlement of Loans to States and Territories   14,850
Total cash used   778,018 558,875
Net cash from (used by) investing activities   (777,960) (156,913)
       
Net increase (decrease) in cash held   (83,778,470) (78,700,536)
       
CASH TO/(FROM) OFFICIAL PUBLIC ACCOUNT      
Cash and cash equivalents at the beginning of the reporting period   4,763 4,063
Cash from Official Public Account for:      
– Appropriations   66,491,736 64,096,231
– Special accounts   21,474,821 18,402,547
    87,966,557 82,498,778
Cash to Official Public Account for:      
– Appropriations   4,191,115 2,468,045
– Special accounts   1,329,497
    4,191,115 3,797,542
Total cash to/(from) Official Public Account   83,780,205 78,705,299
       
Cash and cash equivalents at the end of the reporting period 18A 1,735 4,763

This schedule should be read in conjunction with the accompanying notes.