Document ID: chunk:federal_register_of_legislation:F2024L00075:reg:38:p14
Version: federal_register_of_legislation:F2024L00075
Segment Type: reg
Provision Reference: reg 38 (pt 14/76)
Character Range: 64676–69498

$000                $000         $000
Opening balance                 –                                  3,330               57,341       60,671
Profit/(Loss) for period        (2,959)                            –                   –            (2,959)
Net transfers to/from reserves  2,959                              (1,675)             (1,284)      –
Closing balance                 –                                  1,655               56,057       57,712

Statement of Cash Flows for Defined Contribution Superannuation Plan
for the year ended 30 June 20XX

                                                                      $000
Cash flows from operating activities
Interest from cash deposits and cash management trusts                189,667
Interest on Australian fixed interest securities held directly        310,760
Interest on overseas fixed interest securities held directly          27,819
Dividends from listed Australian shares held directly                 267,104
Net rentals from property held directly                               25,982
Unlisted property trust distributions                                 83,691
Insurance premiums (inwards)                                          77,810
Reinsurance recoveries                                                22,016
Other income                                                          3,785
Administration expenses                                               (42,846)
Investment expenses                                                   (55,094)
Reinsurance premiums (outward)                                        (77,270)
Other expenses                                                        (693)
Income tax paid                                                       (134,470)
Net cash inflows from operating activities                            698,261

Cash flows from investing activities
Proceeds from sales of units in unlisted cash management trusts       680,654
Proceeds from sales of shares in Australian listed corporations       803,730
Proceeds from sales of units in wholesale international share trusts  845,218
Proceeds from sales of overseas fixed interest securities             444,826
Proceeds from sales of units in unlisted property trusts              259,428
Purchases of units in unlisted cash management trusts                 (1,285,930)
Purchases of Australian fixed interest securities                     (498,898)
Purchases of shares in Australian listed corporations                 (944,767)
Purchases of units in wholesale international share trusts            (2,684,406)
Purchases of units in unlisted property trusts                        (517,326)
Purchases of other assets                                             (201)
Net cash outflows from investing activities                           (2,897,672)

Cash flows from financing activities
Employer contributions                                                2,554,872
Member contributions                                                  235,548
Transfers from other superannuation plans received                    704,162
Government co-contributions received                                  27,746
Benefits paid to members                                              (807,070)
Income tax paid on contributions received                             (407,417)
Contributions surcharge tax paid                                      (674)
Net cash inflows from financing activities                            2,307,167

Net increase in cash                                                  107,756
Cash at the beginning of the financial period                         132,754
Cash at the end of the financial period                               240,510

Illustrative example II
As at 30 June 20XX, Hybrid Superannuation Plan (the Plan) has 51,109 defined contribution members and 23,918 defined benefit members.  The defined contribution part of the Plan is open to new members.  All four of the defined benefit plans in the Plan are closed to new members.  The defined contribution members have accounts that are credited or debited each year with contributions and a proportionate share of net investment income and expenses (including income tax expense) of the Plan.  The defined benefit members have promised benefits that are determined on the basis of various formulae based on members' salaries in the final years before they retire.

Statement of Financial Position for Hybrid Superannuation Plan
as at 30 June 20XX

                                                           Note  $000
Assets
   Cash                                                          467,803
   Receivables                                                   210,980
   Shares in Australian listed corporations held directly        2,788,084
   Units in