Qantas 2001 Annual Report Download - page 40

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p38 QANTAS CONCISE ANNUAL REPORT 2001
Statement of CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2001
QANTAS GROUP
2001 2000
$M $M
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers 10,527.8 9,066.6
Payments to suppliers and employees (9,145.5) (7,135.8)
Interest received 69.9 90.5
Interest paid (151.8) (175.5)
Dividends received 43.8 26.9
Income taxes paid (243.5) (272.9)
Net cash provided by operating activities 1,100.7 1,599.8
CASH FLOWS FROM INVESTING ACTIVITIES
Payments for property, plant and equipment (995.5) (1,141.8)
Receipts/(payments) for aircraft security deposits 44.4 (10.6)
Total payments for purchases of property, plant, equipment
and aircraft security deposits (951.1) (1,152.4)
Proceeds from sale of property, plant and equipment 16.4 10.3
Proceeds from sale and leaseback of property, plant and equipment 147.5 819.0
Proceeds from sale of investments –60.4
Payments for investments, net of cash acquired (17.1) –
Loans to associates (67.0) –
Net cash used in investing activities (871.3) (262.7)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of borrowings/swaps (1,028.0) (798.9)
Debt prepayments on sale and leaseback of property, plant and equipment – (819.0)
Total debt repayments (1,028.0) (1,617.9)
Proceeds from borrowings 804.8 505.9
Proceeds from the issue of shares 19.0 –
Dividends paid (454.8) (430.0)
Net cash used in financing activities (659.0) (1,542.0)
RECONCILIATION OF CASH PROVIDED BY/(USED IN):
Operating activities 1,100.7 1,599.8
Investing activities (871.3) (262.7)
Financing activities (659.0) (1,542.0)
Net decrease in cash held (429.6) (204.9)
Cash at the beginning of the financial year 688.8 893.7
Cash at the end of the financial year 259.2 688.8
The Statement of Cash Flows is to be read in conjunction with the Discussion and Analysis on page 39 and the Notes to the Financial Statements on
pages 40 to 45.