36 Notes to the Cash Flow Statement

a) Reconciliation of cash

Cash at the end of the financial year as shown in the Statement of Cash Flow is reconciled to the related items in the Balance Sheet as follows:

2007

2006

$000

$000

Cash and cash equivalents

52,182

1,146

Restricted cash and cash equivalents (refer to note 21)

638

694

 

52,820

1,840

b) Financing facilities

The PTA has a short-term liquidity facility of $200 million (2005/06: $200 million) with the Western Australian Treasury Corporation.

2007

2006

$000

$000

Amounts drawn from this facility at June 30

118,000

30,000

The Western Australian Treasury Corporation has provided a facility of $US 76.5 million (2006: $US 85 million) to the PTA to meet contingent obligations under a lease agreement that may eventuate during the life of the lease. As at 30 June 2007, none of this facility has been drawn (2006: Nil).

c) Reconciliation of net cost of services to net cash flows provided by/(used in) operating activities

2007

2006

$000

$000

Net cost of services

(627,926)

(566,886)

 

 

  

Non cash items:

 

  

Depreciation and amortisation expense

85,546

92,477

Loss/(gain) on sale of property,plant and equipment

1,031

83

Resources received free of charge

2,056

41

Other non-cash adjustments

(23)

(238)

Sale of land by Department for Planning and Infrastructure

0

(2,728)

 

 

 

(Increase)/ Decrease in assets:

 

 

Current receivables

(3,809)

7,622

Current inventories

(2,617)

(178)

Other current assets

(14,427)

15,304

 

 

 

Increase/ (Decrease) in liabilities:

 

 

Current payables

(13,026)

(1,556)

Current provisions

4,490

640

Other current liabilities

14,699

(14,565)

Deferred income operating lease

(7,361)

(764)

Non-current provisions

641

1,016

Non-current deferred operating lease revenue

28,753

(12,827)

Adjustment to Freight Lease Income

   (26,857)

8,125

Change in GST receivables/payments

2,123

216

 

 

 

Net cash used in operating activities

(556,707)

(474,218)