NOTES TO THE FINANCIAL STATEMENTS
SECTION E Other information
E1 AUDITOR’S REMUNERATION
2019 ($000’s)
2018 ($000’s)
For the year ended 30 June
PricewaterhouseCoopers for: Financial statement audit services as an agent of the Office of the Auditor-General
187
180
Student fee protection trust audit
6
10
Assurance services – pricing plan
52
Review of sensitive expenditure
–
18
Total auditors remuneration
245
208
E2 RECONCILIATION OF NET CASH FLOW FROM OPERATING ACTIVITIES TO REPORTED SURPLUS
2019 ($000’s)
2018 ($000’s)
For the year ended 30 June
NET SURPLUS AFTER TAXATION
23,576
27,156
ADD NON CASH ITEMS Amortisation
5,654
4,929
Depreciation and impairment
18,439
17,703
Movement in deferred tax
(2,648)
(855)
Accounting loss/(gain) on sale of assets
23
(3,790)
Total adjustments for items in surplus not impacting cash flow
21,468
17,987
ADD MOVEMENTS IN WORKING CAPITAL ITEMS Increase/(decrease) in payables
4,312
6,409
Decrease/(increase) in receivables
(1,720)
(2,581)
Total adjustments for items not in surplus impacting cash flow
2,592
3,828 48,971
Net cash inflow from operating activities
47,636
58
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