20  Annual Report Statement of cash flows for the year ended 30 June 2008 2008 2008 2007 a  ctual Budget a  ctual n  ote $ $ $ Cash flows from operating activities Receipts from Crown revenue 5,390,000 5,299,000 5,459,000 Interest received 215,443 145,842 118,491 Sale of publications and other revenue 84,245 15,000 45,585 Payments to employees (3,795,196) (3,098,444) (2,688,184) Payments to suppliers (2,233,938) (2,095,398) (1,447,357) Goods and services tax (net) 89,516 (50,000) (127,904) Net cash from operating activities 17 (249,930) 216,000 1,359,631 Cash flows from investing activities Receipts from sale of property, plant and equipment 12,853 0 12,889 Maturity/(placement) of term deposits 950,000 0 (1,150,000) Purchase of property, plant and equipment (212,378) (169,000) (429,606) Purchase of intangible assets (12,571) (81,000) (18,211) Net cash from investing activities 737,904 (250,000) (1,584,928) Cash flows from financing activities Payments of lease (1,209) (10,000) (11,640) Finance costs (408) 0 0 Net cash from financing activities (1,617) (10,000) (11,640) Net(decrease)/increase in cash and cash equivalents 486,357 (44,000) (236,937) Cash and cash equivalents at the beginning of the year 400,699 967,000 637,636 Cash and cash equivalents   at the end of the year 7 887,056 923,000 400,699 The accompanying notes form part of these financial statements.