ALIA annual report

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Balance sheets and cash flows

as at 31 December 1995

	Notes	1995	1994
		$	$
Current assets
Voucher fund investments	1(j)	3 033 177	2 925 999
Short-term deposits	4	968 999	832 478
Cash at bank and on hand	4	1 062 641	385 289
Stock on hand		42 965	38 197
Debtors and prepayments	5	188 485	371 662
Total current assets		5 296 267	4 553 625
Non-current assets
Property, plant and equipment	6	2 908 657	3 040 282
Total assets		8 204 924	7 593 907
Current liabilities
Lease liability	7	9 947	33 264
Redeemable vouchers	1(j)	3 033 177	2 925 999
Creditors and accruals		445 233	477 767
Employee benefits		47 525	34 515
Loan	9	-	100 000
Other	8	213 162	-
Total current liabilities		3 749 044	3 571 545
Non-current liabilities
Lease liability	7	6 498	16 444
Secured loan	9	1 300 000	1 300 000
Employee benefits		25 188	-
Total non-current liabilities		1 331 686	1 316 444
Total liabilities		5 080 730	4 887 989
Net assets		3 124 194	2 705 918
Members' funds
General fund		3 099 609	2 681 333
Capital reserve account		24 585	24 585
Total members' funds		3 124 194	2 705 918

The above balance sheet should be read in conjunction with the accompanying notes.

year ended 31 December 1995

	Notes	1995	1994
		$	$
Cashflows from operating activities
Receipts from members and customers		2 729 178	2 055 217
Payments to members, suppliers and employees		(2 142 313)	(1 648 772)
Interest received		362 687	264 321
Interest paid		(105 848)	(113 065)
Income tax refunded		124 896	-
Grants received		77 518	-
Net cashflow from operating activities	10	1 046 118	557 701
Cashflows from investing activities
Payments for property, plant and equipment		(102 862)	(114 510)
Proceeds from sale of property, plant and equipment		3 880	1 285
Net cashflow from investing activities		(98 982)	(113 225)
Net cashflow from financing activities
Repayment of lease liability		(33 263)	(47 665)
Repayment of secured loan		(100 000)	-
Net cashflow from financing activities		(133 263)	(47 665)
Net increase in cash held		813 873	396 811
Cash at beginning of financial year		1 217 767	820 956
Cash at end of financial year	4	2 031 640	1 217 767

The above statement of cashflows should be read in conjunction with the accompanying notes.