STATEMENT
OF CASHFLOWS
FOR
THE YEAR ENDING 30 JUNE 2002
|
Consolidated
|
Parent
entity
|
|||
|
2002
$000s |
2001
$000s |
2002
$000s |
2001
$000s |
|
 |
||||
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||
| Receipts from customers |
796,816
|
713,325
|
9,607
|
19,266
|
| Payments to suppliers and employees |
(654,645)
|
(603,063)
|
(16,041)
|
(12,419)
|
| Dividends recieved |
276
|
3,603
|
41,512
|
-
|
| Interest paid and other costs of finance |
(11,222)
|
(13,598)
|
(8,286)
|
(13,056)
|
| Interest received |
4,181
|
3,850
|
12,069
|
626
|
| Australian net GST (paid)/refunded |
(7,976)
|
(5,541)
|
758
|
1,821
|
| Income taxes paid |
(48,076)
|
(30,297)
|
(2,476)
|
(5,222)
|
|
||||
| Net operating cash flows |
79,354
|
68,279
|
37,143
|
(8,984)
|
|
||||
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||
| Purchase of controlled entities |
(12,496)
|
(59,294
|
-
|
-
|
| Purchase of businesses |
(17,945)
|
(40,362)
|
-
|
-
|
| Investments in subsidiaries |
-
|
-
|
(99,776)
|
(19,776)
|
| Investment in listed entities |
(1,128)
|
(2,576)
|
(1,137)
|
(2,576)
|
| Investment in unlisted entities |
-
|
(1,823)
|
-
|
-
|
| Payments for property, plant and equipment |
(56,886)
|
(43,301)
|
(492)
|
(223)
|
| Security deposit on premises |
1.200
|
(1,200)
|
1,200
|
(1,200)
|
| Loans granted to other entities |
290
|
(264)
|
-
|
-
|
| Net loan repayments from/(grants to) controlled entities |
-
|
-
|
57,877
|
(148,980)
|
| Loan payments received |
-
|
23
|
1
|
-
|
| Proceeds from sale of property, plant and equipment |
646
|
1,994
|
1
|
3,159
|
| Proceeds from sale of property, plant and equipment to related entity |
-
|
-
|
102
|
4
|
| Proceeds from sale of SUMMIT |
-
|
6,653
|
-
|
-
|
| Proceeds from sale of investments |
8,520
|
3,685
|
-
|
-
|
|
||||
| Net investing cash flows |
(78,379)
|
(136,465)
|
(42,224)
|
(169,237)
|
|
||||
| CASH FLOWS FROM FINANCING ACTIVITIES |
||||
| Proceeds from issues of ordinary shares |
7,090
|
8,581
|
7,090
|
8,581
|
| Proceeds from issue of reset preference shares |
150,000
|
-
|
150,000
|
-
|
| Cost of issue of reset preference shares |
(2,795)
|
-
|
(2,795)
|
-
|
| Proceeds from borrowings |
57,265
|
215,861
|
19,295
|
215,861
|
| Repayments of borrowings |
(176,000)
|
(72,266)
|
(158,000)
|
(50,000)
|
| Loans from controlled entities |
-
|
-
|
-
|
1,107
|
| Dividends paid - ordinary shares |
(5,504)
|
(5,406)
|
(5,504)
|
(5,406)
|
| Dividends paid - reset preference shares |
(4,204)
|
-
|
(4,204)
|
-
|
| Repayment of finance leases |
(1,816)
|
(2,630)
|
(756)
|
(1,140)
|
| Other - settlement of deferred acquisition |
(12,597)
|
(59,822)
|
-
|
-
|
| Other |
-
|
(518)
|
-
|
-
|
|
||||
| Net financing cash flows |
11,439
|
83,800
|
5,126
|
168,503
|
|
|
||||
| Net increase/(decrease) in cash held |
12,414
|
15,614
|
45
|
(9,718)
|
| Cash at the beginning of the financial year |
65,453
|
47,533
|
9,497
|
19,,215
|
| Exchange rate variations on foreign cash balances |
(3,540)
|
2,306
|
-
|
-
|
|
||||
| Cash at the end of the financial year |
74,327
|
65,453*
|
9,542
|
9,497
|
|
||||
*Net of bank
overdraft included in current liabilities.
This statement should be read in conjunction with discussion and analysis
included in the Directors' Report.
