Annual report 2022-23

Statement of Financial Position

Statement of Cash Flows

For the year ended 30 June 2023

For the year ended 30 June 2023

2023 2022 $000s $000s

2023 2022 $000s $000s

ASSETS Current assets

Cash flows from operating activities Receipts from operations Payments to suppliers and employees Operating grants received Interest received Interest paid Net cash flows from operating activities

75,592 (71,311) 12,518 322 (3,066) 14,055 (902) 701 (98,824) - (45) (99,070) 27,749 48,316 (1,481) (92) (9) 74,483 (10,532) 61,878 51,346

91,227 (89,541) 14,743 1,233 (5,061) 12,601 (490) 8,569 (110,903) (246) (51) (103,121)

51,346 18,328 1,902 3,371 74,947

Cash and cash equivalents Trade and other receivables Other financial assets Other assets Total current assets Non-current assets Property, plant and equipment Intangible assets

46,496 16,552 2,392 4,212 69,652

Cash flows from investing activities Cash flows to term deposits Proceeds from sale of property, plant and equipment Purchase of property, plant and equipment Purchase of intangible assets Purchase of investments Net cash flows used in investing activities Cash flows from financing activities Proceeds from loans and borrowings Capital grants received Principal elements of lease payments Payment on redemption of preference shares Payment for ordinary shares Net cash flows from financing activities Net decrease in cash and cash equivalents Cash and cash equivalents at beginning of the year Cash and cash equivalents at end of the year

1,129,746 3,897 4,811 1,542 1,139,996 1,214,943

1,234,982 3,874 3,789 1,620 1,244,265 1,313,917

Right-of-use assets Other financial assets Total non-current assets TOTAL ASSETS

LIABILITIES Current liabilities Trade and other payables Interest bearing loans and borrowings Other financial liabilities Provisions Lease liabilities Total current liabilities Non-current liabilities Interest bearing loans and borrowings Other financial liabilities Provisions Lease liabilities Total non-current liabilities TOTAL LIABILITIES

24,478 64,297 (1,823) (1,155) (127) 85,670 (4,850) 51,346 46,496

33,032 782 11,895 3,966 1,687 51,362

46,390 1,165 11,186 3,927 1,769 64,437

148,712 14,873

173,540 12,697

1,289 3,751

1,370 2,625

168,625 219,987

190,232 254,669

994,956

NET ASSETS

1,059,248

EQUITY Contributed equity Reserves Retained earnings TOTAL EQUITY

127 368,344 626,485 994,956

1 380,145 679,102 1,059,248

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Housing Choices Australia Group

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