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Forest NSW Annual Report 2012

Forests NSW Consolidated Annual Financial Reports Year ended 30 June 2012 ABN 43 141 857 613 Notes to and forming part of the financial statements For the year ended 30 June 2012 Note 8: Cash and Cash Equivalents Details regarding credit risk, liquidity risk and market risk arising from financial statements are disclosed in Note 3 and 23. Economic Economic Statutory Statutory Entity Entity Corporation Corporation 2012 2011 2012 2011 $'000 $'000 $'000 $'000 a) Reconciliation of Cash and Cash Equivalents         Cash at bank 7943 3798 7943 3798 Cash on hand 27 30 27 30 NSW Treasury Corporation Hour Glass Cash Facility 910 4137 910 4137 Restricted security deposits 528 654 528 654 Investment - 245 - 245           Balance as per Statement of Cash Flows 9408 8864 9408 8864 The NSW Treasury Corporation Hour Glass cash facility has been subject to floating interest rates between 4.89% and 5.25% (2011 5.25% and 5.40%) b) Reconciliation of net profit after tax to net         cash flows from operations Net Profit/(loss) after income tax (74 422) 76 429 (81 627) 78 421 Add/(less) non cash items:         Depreciation 8549 8441 8549 8441 Reversal of impairment loss (1440) - (1440) - (Profit)/loss on disposal of non-current assets 977 1637 977 132 (Increment)/Decrement in fair value of 16 303 (88 641) 16 303 (90 070) biological assets Income tax expense (2488) 50 385 (2488) 50 385 Other non-cash items (2096) (943) 5109 (115)   (54 617) 47 308 (54 617) 47 194 Change in operating assets and liabilities         Movement in receivables (3353) 669 (3353) 1331 Movement in inventories (736) 1283 (736) 1283 Movement in creditors 2591 (19 029) 2591 (19 399) Movement in provisions 74 409 329 74 409 701 Movement in income tax (5466) (12 422) (5466) (12 422)   67 445 (29 170) 67 445 (28 506)           Net cash from / (used by) operating activities 12 828 18 138 12 828 18 688 68 Forests NSW Annual Report 2011–12 Social, Environmental and Economic Performance


Forest NSW Annual Report 2012
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