b'Review of Financial ConditionCapital StructureThe total equity of Uniting at 30 June 2020 was $266.6 million (2019: $286.2 million), a decrease of $19.7 million compared to the prior year. Cash from operationsUnitings net cash outflow/inflow from operating activities during the financial year was an Inflow of$13.9 million (2019: Inflow $15.4 million).Liquidity and fundingUniting has sufficient liquid resources to fund its operating activities with $72.4 million of cash and cash equivalents (2019: $74.7 million).Non-Audit Services Provided By Ernst & YoungDuring the financial year Ernst & Young provided additional accounting advisory services to Uniting management. The Directors are satisfied that the provision of non-audit services is compatible with the general standard of independence for auditors imposed by the Australian Charities and Not-for-profit Commission Act 2012. The nature and scope of the non-audit service provided means that auditor independence was not compromised.Events After Reporting DateThere were no significant events reported by Uniting after balance date.Environmental RegulationsThere have been no significant known breaches by Uniting of the environmental regulations to whichit is subject.Likely Developments and Expected ResultsUnitings future operating results are expected to be consistent with its past performance.Indemnification and Insurance of Directors and OfficersDuring the financial year Uniting provided insurance cover to directors and officers. This insurance policy provided indemnity to directors and officers against liability at law for damages or claims made against them by reason of wrongful acts committed by them in their capacity as directors or officers of the entity. The policy also provides provisions to reimburse the entity for payments of legal costs and damages incurred by directors or officers of the entity where permitted by law. The amount of annual premium paid for the insurance cover was $78,500.Directors and Other Officers RemunerationThe Uniting constitution provides for Directors to be paid reasonable remuneration for undertaking the ordinary duties of a Director.The Board examines and assesses the remuneration of the Executive Team by referring to the relevant employment market.58 Uniting Vic.Tas Annual Report 2019-2020'