Air New Zealand 2014 Annual Report Download - page 8

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The accompanying accounting policies and notes form part of these financial statements.
AIR NEW ZEALAND ANNUAL FINANCIAL RESULTS 2014
6
NOTES
GROUP
2014
$M
GROUP
2013
$M
COMPANY
2014
$M
COMPANY
2013
$M
Cash Flows from Operating Activities
Receipts from customers
Dividends received from subsidiaries
Payments to suppliers and employees
Income tax paid
Interest paid
Interest received
4,696
-
(3,805)
(119)
(79)
41
4,654
-
(3,838)
(28)
(84)
35
4,020
200
(3,420)
(118)
(73)
45
4,021
248
(3,419)
(27)
(83)
38
Rollover of foreign exchange contracts*
734
(4)
739
11
654
(4)
778
11
Net Cash Flow from Operating Activities 6730 750 650 789
Cash Flows from Investing Activities
Disposal of property, plant and equipment, intangibles and assets held for resale
Acquisition of property, plant and equipment and intangibles
Acquisition of quoted equity instruments
Distribution from associates
Rollover of foreign exchange contracts*
Other assets
Interest-bearing assets
27
(644)
(136)
-
(33)
-
59
9
(382)
(46)
15
(28)
(44)
(4)
23
(221)
-
-
(33)
-
59
7
(209)
-
-
(28)
-
(4)
Net Cash Flow from Investing Activities (727) (480) (172) (234)
Cash Flows from Financing Activities
Shares issued
Interest-bearing liabilities drawdowns
Acquisition of treasury stock (share buyback)
Net decrease in related party funding
Interest-bearing liabilities payments
Rollover of foreign exchange contracts*
Dividends on Ordinary Shares
24
22
1
376
-
-
(157)
(31)
(108)
1
114
(11)
-
(149)
(30)
(72)
1
-
-
(171)
(83)
(31)
(108)
1
-
(11)
(232)
(81)
(30)
(72)
Net Cash Flow from Financing Activities 81 (147) (392) (425)
Increase in Cash and Cash Equivalents
Cash and cash equivalents at the beginning of the year
84
1,150
123
1,027
86
1,145
130
1,015
Cash and Cash Equivalents at the End of the Year 61,234 1,150 1,231 1,145
*Relates to gains/losses on rollover of foreign exchange contracts that hedge exposures in other financial periods.
STATEMENT OF CASH FLOWS
FOR THE YEAR TO 30 JUNE 2014