Statement of changes in equity for the year ended 30 June, 2012
COMBINED
MAV - GENERAL FUND
2012
2011
2012
2011
$
$
$
$
Balance at beginning of year Surplus (deficit) from ordinary activities
14,394,582 (4,025,536)
14,981,245 (586,663)
6,739,418 (2,744,976)
6,824,326 (84,908)
Balance at end of year
10,396,046
14,394,582
3,994,442
6,739,418
NOTE
Retained Earnings
Combined statement of cash flows for the year ended 30 June, 2012 COMBINED NOTE
MAV - GENERAL FUND
2012
2011
2012
2011
$
$
$
$
47,695,650
45,773,862
24,736,481
21,652,851
2,805,657
2,269,459
283,889
454,745
11,484,989
15,876,897
-
-
Cash flow from operating activities Receipts Subscriptions, grants and fees Investment income Reinsurance and other recoveries Payments Suppliers Claim payments Net cash (used in)/provided by operating activities
(51,322,490) (42,798,860) (27,551,227) (20,866,758) (11,382,656) (14,277,800) 9(b)
(718,850)
6,843,558
(2,530,857)
1,240,838
Cash flow from investing activities Proceeds from sale of fixed assets
101,652
220,299
101,652
220,299
Payments for fixed assets and intangibles
(287,152)
(696,306)
(207,279)
(638,731)
Net cash used in investing activities
(185,500)
(476,007)
(105,627)
(418,432)
Net (decrease)/increase in cash held Cash at beginning of year Cash at end of year
9(a)
(904,350)
6,367,551
(2,636,484)
822,406
39,624,007
33,256,456
7,223,391
6,400,985
38,719,657
39,624,007
4,586,907
7,223,391
The accompanying notes form an integral part of these statements.
MAV FINANCIAL REPORT 2011/12 > 51