STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2016 Reserves (Note 16) Balance at 1 July 2014 Deficit for the year attributable to members of the entity
Retained Surplus
Total Equity
$
$
$
876,124
739,616
1,615,740 (424,878)
–
(424,878)
11,232
(11,232)
–
Balance at 30 June 2015
887,356
303,506
1,190,862
Balance at 1 July 2015
887,356
303,506
1,190,862
–
22,606
22,606
(175,388)
175,388
–
711,968
501,500
1,213,468
Transfers to/from reserves
Deficit for the year attributable to members of the entity Transfers to/from reserves Balance at 30 June 2016
The above statement of changes in equity should be read in conjunction with the accompanying notes
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2016 Note
2016
2015
$
$
(2,917,711)
(3,927,814)
Cash flows from operating activities Payments to suppliers and employees (inclusive of GST) Receipt of grants Receipts from members and customers
731,244
745,782
2,169,285
2,721,734
(17,182)
(460,298)
Interest received
35,492
41,837
Net cash from operating activities
18,310
(418,461)
Cash flows from investing activities Payments for property, plant and equipment Payments for intangible assets Proceeds from sale of assets
(44,282)
(98,236)
–
(18,280)
–
16,000
(44,282)
(100,516)
Net proceeds/repayments from finance lease obligations
(9,787)
55,560
Net proceeds from/(repayment of) finance lease obligations
(9,787)
55,560
(35,759)
(463,417)
1,203,479
1,666,896
1,167,720
1,203,479
Net cash used in investing activities
Cash flows from financing activities
Net increase in cash and cash equivalents Cash and cash equivalents at the beginning of the financial year Cash and cash equivalents at the end of the financial year
5
The above statement of cash flows should be read in conjunction with the accompanying notes
Townsville Enterprise Financial Report 2015/16
33