CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 JUNE 2017
2017
2016
Note
$’000
$’000
Cash flow from operating activities
Receipts from customers
972,802
982,475
Payments to suppliers and employees
(686,085)
(741,383)
Goods and services tax refunded (net)
30,624
25,908
Income tax paid
(30,961)
(21,027)
Interest and other costs of finance paid
(126,916)
(122,124)
Interest received
7
164
Net cash inflow from operating activities
6.2.1
159,471
124,013
Cash flows from investing activities
Proceeds from sale of intangibles, infrastructure, property, plant and equipment
1,951
5,924
Payments for acquisition of infrastructure, property, plant and equipment
(217,616)
(247,139)
Payments for acquisition of intangible assets
(14,540)
(11,108)
Net cash outflow from investing activities
(230,205)
(252,323)
Cash flows from financing activities
Refinancing of borrowings - inflow
245,511
275,106
Refinancing of borrowings - outflow
(153,200)
(113,200)
Proceeds of developer security deposits
1,198
80
Dividends paid
9.2
(22,800)
(24,300)
Capital repatriation
9.1
-
(8,600)
Net cash inflow from financing activities
70,709
129,086
Net increase / (decrease) in cash held
(25)
776
Cash at beginning of year
1,136
360
Cash at end of year
6.2
1,111
1,136
The above Cash Flow Statement should be read in conjunction with the accompanying notes.
YARRA VALLEY WATER ANNUAL REPORT 2016-17
41