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:

  2008
$000		 2007
$000
Cash and cash equivalents 54,093 52,182
Restricted cash and cash equivalents (refer to note 21) 509 638
  54,602 52,820

b) Financing facilities

The PTA has a short-term liquidity facility of $200 million (2006/07: $200 million) with the Western Australian Treasury Corporation.

  2008
$000		 2007
$000
Amounts drawn from this facility at June 30 100,852 118,000

The Western Australian Treasury Corporation has provided a facility of $US 42.8 million (2007: $US 76.5 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 2008, none of this facility has been drawn (2007: Nil).

c) Reconciliation of net cost of services to net cash flows used in operating activities

  2008
$000		 2007
$000
Net cost of services (583,197) (627,926)

Non cash items:

    
Depreciation and amortisation expense 114,600 85,546
Loss on sale of property, plant and equipment 782 1,031
Resources received free of charge 2,041 2,056
Transfer of assets to Local Government 19,240 0
Other non-cash adjustments 0 (23)

(Increase)/ Decrease in assets:

    
Current receivables (5,456) (3,809)
Current inventories (990) (2,617)
Other current assets 13,713 13,629

Increase/ (Decrease) in liabilities:

    
Current payables 21,323 (13,026)
Current provisions (3,402) 4,490
Other current liabilities (15,146) (13,357)
Deferred income operating lease 0 (7,361)
Non-current provisions 1,279 641
Non-current deferred operating lease revenue (5,465) 28,753
Adjustment to Freight Lease Income 0 (26,857)
Change in GST receivables/payments (2,361) 2,123
Net cash used in operating activities (443,039) (556,707)