MAV 2011-12 Annual Report

Page 53

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


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