CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 JUNE 2016
2016
2015
Note
$’000
$’000
Cash flow from operating activities
Receipts from customers
982,475
927,436
Payments to suppliers and employees
(741,383)
(658,885)
Goods and services tax refunded (net)
25,908
22,695
Income tax paid
(21,027)
(19,614)
Interest and other costs of finance paid
(122,124)
(121,397)
Interest received
164
12
Net cash inflow from operating activities
29(a)
124,013
150,247
Cash flows from investing activities
Proceeds from sale of intangibles, infrastructure,
5,924
2,165
property, plant and equipment
Payments for acquisition of infrastructure, property, plant and equipment
(247,139)
(165,798)
Payments for acquisition of intangible assets
(11,108)
(18,709)
Net cash outflow from investing activities
(252,323)
(182,342)
Cash flows from financing activities
Proceeds from borrowings
275,106
241,700
Repayment of borrowings
(113,200)
(178,200)
Proceeds of developer security deposits
80
310
Dividends paid
7
(24,300)
(31,700)
Capital repatriation
18
(8,600)
-
Net cash inflow from financing activities
129,086
32,110
Net increase in cash held
776
15
Cash at beginning of year
360
345
Cash at end of year
8, 29(b)
1,136
360
The above Cash Flow Statement should be read in conjunction with the accompanying notes.
YARRA VALLEY WATER ANNUAL REPORT 2015-16
45