Air New Zealand 2011 Annual Report Download - page 8

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The accompanying accounting policies and notes form part of these financial statements.
NOTES
GROUP
2011
$M
GROUP
2010
$M
COMPANY
2011
$M
COMPANY
2010
$M
Cash Flows from Operating Activities
Receipts from customers 4,375 4,135 3,760 3,501
Dividends received from subsidiaries - - 256 16
Payments to suppliers and employees (3,909) (3,627) (3,514) (3,275)
Income tax received/(paid) 3 (20) 5 (18)
Interest paid (64) (74) (63) (68)
Interest received 41 57 48 61
446 471 492 217
Rollover of foreign exchange contracts * 20 (137) 20 (137)
Net Cash Flow from Operating Activities 5 466 334 512 80
Cash Flows from Investing Activities
Disposal of property, plant and equipment and intangibles 102 15 125 12
Acquisition of property, plant and equipment and intangibles (797) (433) (759) (338)
Acquisition of quoted equity instruments 12 (201) - - -
Capital and equity loan repayment from related entities 13 - 2 1 -
Rollover of foreign exchange contracts * 83 (27) 83 (27)
Other interest-bearing assets (33) (7) (33) (7)
Net Cash Flow from Investing Activities (846) (450) (583) (360)
Cash Flows from Financing Activities
Shares issued 6 5 6 5
Interest-bearing liabilities drawdowns 458 - 431 -
Net (decrease)/increase in related party funding - - (425) 27
Interest-bearing liabilities payments (175) (160) (35) (22)
Rollover of foreign exchange contracts * (47) (170) (47) (170)
Dividend on Ordinary Shares 20 (69) (65) (69) (65)
Net Cash Flow from Financing Activities 173 (390) (139) (225)
Decrease in Cash and Cash Equivalents (207) (506) (210) (505)
Cash and cash equivalents at the beginning of the year 1,067 1,573 1,061 1,566
Cash and Cash Equivalents at End of the Year 5 860 1,067 851 1,061
* Relates to gains/losses on rollover of foreign exchange contracts that hedge exposures in other financial periods.
AIR NEW ZEALAND ANNUAL FINANCIAL RESULTS 2011
STATEMENT OF CASH FLOWS
FOR THE YEAR TO 30 JUNE 2011