Cash Flow Statement for the year ended 30 June 2024 2024 $’000 2023 $’000 Original Budget $’000 31,315 11,613 1,336 1,340 26,549 15,491 443 1,018 31,315 10,167 50 1,207 399 14 - Total cash received 46,003 43,515 42,739 Cash used Employees Suppliers Interest payments on lease liabilities 27,416 11,197 2 20,718 9,048 7 28,135 11,452 4 98 752 1,207 Total cash used 38,713 30,525 40,798 Net cash from operating activities 7,290 12,990 1,941 Purchase of property, plant and equipment 2,543 42 326 Total cash used 2,543 42 326 (2,543) (42) (326) Principal payments of lease liabilities 2,605 2,499 2,603 Total cash used 2,605 2,499 2,603 Net cash used by financing activities (2,605) (2,499) (2,603) Net increase/(decrease) in cash held 2,142 10,449 (988) 26,407 15,958 21,603 28,549 26,407 20,615 Notes OPERATING ACTIVITIES Cash received Receipts from Government Sale of goods and rendering of services Interest GST received Other GST paid INVESTING ACTIVITIES Cash used Net cash used by investing activities FINANCING ACTIVITIES Cash used Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period 2.1A The above statement should be read in conjunction with the accompanying notes. Budget Variances Commentary Cash Flow Statement for not-for-profit Reporting Entities In 2023-24 cash received from operating activities is higher than budget due to the expansion of the Commission’s workplace and community education program; sponsorship and ticket sales for the Commission’s Human Rights awards and Free and Equal conference not included in the budget; the execution of new contracts with external funders for discrete programs of work; higher than anticipated interest revenue and rent savings from the early exit of our previous property lease. 64