Note 41. Cash Flow Reconciliation

a.
Reconciliation of Cash and Cash Equivalents at the end of the reporting period in the Cash Flow Statement to the equivalent items in the Balance Sheet
  2013
$’000
2012
$’000
Cash and Cash Equivalents Recorded in the Balance Sheet 9,562 69,379
Total Cash and Cash Equivalents at the end of the reporting period as recorded
in the Cash Flow Statement
9,562 69,379
       
b. Reconciliation of Net Cash (Outflows)/Inflows from Operating Activities to the Operating (Deficit)
  2013
$’000
2012
$’000
Operating (Deficit) (39,688) (17,619)
Add/(Less) Non-Cash Items    
Depreciation of Property, Plant and Equipment 48,560 24,403
Amortisation of Intangibles 4,454 4,526
Bad and Doubtful Debts 1,171 2,151
Asset Book Value Written Down 509 1,871
Impairment Loss of Non-Current Assets 1,121 613
       
Add/(Less) Items Classified as Investing or Financing    
Net Gain on Disposal of Assets (75)
Unrealised Gain on Investments (21) (10)
Cash Before Changes in Operating Assets and Liabilities 16,106 15,859
       
Changes in Operating Assets and Liabilities    
(Increase) in Receivables (68,609) (9,127)
(Increase)/Decrease in Inventories (559) 313
(Increase) in Other Assets (160) (101)
(Decrease)/Increase in Payables (3,565) 22,715
Increase in Provisions 13,686 28,136
Increase/(Decrease) in Other Liabilities 1,569 (4,606)
Net Changes in Operating Assets and Liabilities (57,638) 37,330
Net Cash (Outflows)/Inflows from Operating Activities (41,532) 53,189
       
c. Non-Cash Financing and Investing Activities    
Under the Whole-of-Government motor vehicle leasing arrangements all new motor vehicle leases entered into by the Directorate are under a finance lease rather than under an operating lease.
    2013
$’000
2012
$’000
Acquisition of Motor Vehicles by Means of Finance Leasea 3,908 1,235

 

a) The increase in finance leases is due to the cyclic nature of the motor vehicle leases which are mostly on a three year lease. In 2013, 185 new vehicles were acquired compared to 104 in 2012.