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37
Discussion and Analysis ­ Consolidated
Statement of Cash Flows
Changes in Cash Flows from Operating Activities
Receipts from supporter contributions have
increased significantly from the prior period.
The most significant components of this increase
were the initial contributions received for the purchase
of Naree Station and the additional contributions
received for the Midlands Conservation Fund.
Changes in Cash Flows from Investing Activities
The major investment activities were the purchase
of Naree Station (including land, buildings and other
capital equipment) and the investment of amounts
into the Midlands Conservation Fund. Other Bush
Heritage financial investments were bought and sold
in the ordinary course of our investment management.
Servicing and Repayment of Borrowings
Bush Heritage does not currently hold any borrowings,
other than for finance leases on equipment.
Notes to the Concise Consolidated
Financial Statements for the year
ended 31 March 2013
Note 1. Corporate Information
and Basis of Preparation
Bush Heritage is a not-for-profit public company
limited by guarantee. Members are nominated and
determined in accordance with the Constitution.
If the company is wound up then each member is
required to contribute a maximum of $10 towards
meeting any outstanding obligations of the company.
As at 31 March 2013 the number of members was 68.
Bush Heritage is listed on the Commonwealth
Government's Register of Environmental Organisations,
certifying it as a Deductible Gift Recipient, which
authorises Bush Heritage to issue tax-deductible
receipts for donations over $2.
This Concise Consolidated Financial Report has
been prepared in accordance with the requirements
of the Corporations Act 2001 and Australian
Accounting Standard AASB 1039 Concise Financial
Reports. The Concise Consolidated Financial Report
is presented in Australian dollars and all values are
rounded to the nearest thousand dollars ($'000)
unless otherwise stated, using the option available to
Bush Heritage under ASIC Class Order 98/100. Bush
Heritage is an entity to which the Class Order applies.
Note 1(a). Significant Accounting Policies
The financial statements and specific disclosures
required by AASB 1039 are an extract of, and have
been derived from, Bush Heritage's Full Consolidated
Financial Report for the year ended 31 March
2013. Other information included in the Concise
Consolidated Financial Report is consistent with
Bush Heritage's Full Consolidated Financial Report.
A full description of the accounting policies adopted
by Bush Heritage is provided in the Full Consolidated
Financial Report.
The Consolidated Statement
of Cash Flows should be
read in conjunction with
the accompanying notes.

12 months
31 March 2013
$'000
9 months
31 March 2012
$'000
Cash Flows from Operating Activities
Receipts from supporter contributions and other sources
13,539
7,717
Payments to suppliers and employees
(10,629)
(7,417)
Interest and dividends received
174
176
Net Cash from Operating Activities
3,084
476
Cash Flows Applied to Investing Activities
Proceeds from the sale of investments
380
751
Purchase of investments
(3,294)
(720)
Purchase of land
(878)
­
Proceeds from the sale of plant and equipment
2
11
Purchase of plant and equipment
(760)
(173)
Purchase of software
­
(7)
Net Cash Applied to Investing Activities
(4,550)
(138)
Cash Flows Applied to Financing Activities
Payment of finance lease liabilities
(167)
(61)
Net Cash Applied to Financing Activities
(167)
(61)
Net increase / (decrease) in cash and cash equivalents
(1,633)
277
Cash and cash equivalents at beginning of period
5,366
5,089
Cash and Cash Equivalents at End of Period
3,733
5,366
Consolidated Statement of Cash Flows
for the year ended 31 March 2013