Qantas 2010 Annual Report Download - page 53

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51 ANNUAL REPORT 2010
for the year ended 30 June 2010
Consolidated Cash Flow Statement
Qantas Group
Notes
2010
$M
2009
$M
CASH FLOWS FROM OPERATING ACTIVITIES
Cash receipts in the course of operations 14,376 15,462
Cash payments in the course of operations (13,125) (13,918)
Interest received 149 191
Interest paid (238) (334)
Dividends received 16 22
Income taxes refunded/(paid) 129 (274)
Net cash from operating activities 26 1,307 1,149
CASH FLOWS FROM INVESTING ACTIVITIES
Payments for property, plant and equipment and intangible assets (1,688) (1,530)
Proceeds from disposal of property, plant and equipment 27 52
Proceeds from sale and leaseback of non-current assets 74 323
Proceeds from disposal of controlled entity –5
Payments for investments (14) (23)
Payments for controlled entities acquired, net of cash acquired 27 – 10
Net cash used in investing activities (1,601) (1,163)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issue of shares – 514
Payments for treasury shares (16) (58)
Proceeds from borrowings 1,352 1,448
Repayments of borrowings (974) (653)
Proceeds/(payments) from swaps 1 (24)
Net receipts from aircraft security deposits 22 23
Dividends paid to members of Qantas1– (203)
Dividends paid to non-controlling interests (4) (15)
Net cash from  nancing activities 381 1,032
Net increase in cash and cash equivalents held 87 1,018
Cash and cash equivalents held at the beginning of the year 3,617 2,599
Cash and cash equivalents at the end of the year 10 3,704 3,617
1. During the year nil (2009: 83 million) shares were issued under the Dividend Reinvestment Plan. Dividends settled in shares rather than cash during the year totalled nil (2009: $236 million).
The above Consolidated Cash Flow Statement should be read in conjunction with the accompanying notes.