Housing Choices Annual Report 2016-17

Statement of Financial Position - AS AT 30 JUNE 2017

Statement of Cash Flows - FOR THE YEAR ENDED 30 JUNE 2017

2017

2016

2017

2016

$

$

$

$

ASSESTS Current assets Cash and cash equivalents

Cash flows from operating activities Receipts from operations

34,971,153

31,268,945

34,047,334

32,409,638

Payments to suppliers and employees

(31,470,771)

(29,856,309)

Trade and other receivables

2,888,229

4,652,189

Capital and operating grants received

25,193,611

4,079,378

Other current assets

3,427,773

4,656,572

Interest received

565,988

636,467

Total current assets

40,363,336

41,718,399

Interest paid

(2,913,602)

(2,745,537)

Non-current assets Property, plant and equipment

Net cash flows from operating activities

26,346,379

3,382,944

Cash flows from investing activities Proceeds from sale of property, plant and equipment

600,831,666

561,726,369

Intangible assets

5,320,522

5,607,391

4,329,122

2,559,475

Total non-current assets

606,152,188

567,333,760

Purchase of property, plant and equipment

(31,873,407)

(10,682,703)

TOTAL ASSETS

646,515,524 609,052,159

Purchase of intangible assets

(34,943)

(917,200)

LIABILITIES Current liabilities Trade and other payables

Purchase of investment in Singleton Equity Housing Limited

(1,963)

(5,681)

7,332,830

9,642,260

Proceeds from disposal of other investments

-

51

Interest bearing loans and borrowings

16,978,711

804,696

Net cash flows used in investing activities

(27,581,191)

(9,046,058)

Provisions and other liabilities

1,131,936

950,591

Cash flows from financing activities Net repayment of loans and borrowings

Total current liabilities

25,443,477

11,397,547

2,863,655

(664,254)

Non-current liabilities Interest bearing loans and borrowings

Net payments for shares redeemed

8,853

(19,184)

35,251,028

49,336,609

Net cash flows used in financing activities

2,872,508

(683,438)

Derivative financial instruments

2,779,408

4,658,907

Net decrease in cash and cash equivalents

1,637,696

(6,346,552)

Other financial liabilities

11,610,734

10,784,099

Cash arising on business combination

-

3,972,184

Provisions and other liabilities

1,173,409

1,182,513

Cash and cash equivalents at beginning of year

32,409,638

34,784,006

Total non-current liabilities

50,814,579

65,962,128

Cash and cash equivalents at end of year

34,047,334

32,409,638

TOTAL LIABILITIES

76,258,056

77,359,675

NET ASSETS

570,257,468

531,692,484

EQUITY Contributed equity

160,646

162,609

Reserves

151,775,877

135,347,091

Retained earnings

418,320,945

396,182,784

TOTAL EQUITY

570,257,468 531,692,484

The Numbers - Annual Report 2016-17

56.

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