Qantas 2014 Annual Report Download - page 75

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73
QANTAS ANNUAL REPORT 2014
CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 JUNE 2014
Qantas Group
Notes
2014
$M
2013
$M
CASH FLOWS FROM OPERATING ACTIVITIES
Cash receipts from customers 16,720 16,582
Cash payments to suppliers and employees (excluding cash payments to employees
for redundancies) (15,288) (15,041)
Cash generated from operations 1,432 1,541
Cash payments to employees for redundancies (185) (144)
Interest received 74 110
Interest paid (254) (229)
Dividends received from investments accounted for under the equity method 4142
Income taxes paid (2) (3)
Net cash from operating activities 26 1,069 1,417
CASH FLOWS FROM INVESTING ACTIVITIES
Payments for property, plant and equipment and intangible assets (1,161) (1,247)
Interest paid and capitalised on qualifying assets 5(34) (61)
Payments for the acquisition of controlled entities, net of cash acquired –(24)
Payments for investments accounted for under the equity method (72) (73)
Net receipts/(payments) for aircraft assigned to investments accounted for under
the equity method18(12)
Proceeds from disposal of property, plant and equipment 141 32
Proceeds from sale and operating leaseback of non-current assets – 8
Proceeds from disposal of controlled entities, net of cash disposed 70 18
Proceeds from disposal of investments accounted for under the equity method –189
Net (loans to)/proceeds from repayment of loans from investments accounted for
under the equity method (21) 125
Net cash used in investing activities (1,069) (1,045)
CASH FLOWS FROM FINANCING ACTIVITIES
Payments for shares bought back2(63) (36)
Payments for treasury shares –(16)
Proceeds from borrowings 717 846
Repayments of borrowings (1,027) (1,494)
Proceeds from sale and finance leaseback of non-current assets 564 83
Net payments for aircraft security deposits and hedges related to debt (17) (336)
Dividends paid to non-controlling interests (1) –
Net cash provided by/(used in) financing activities 173 (953)
Net increase/(decrease) in cash and cash equivalents held 173 (581)
Cash and cash equivalents at the beginning of the year 2,829 3,398
Effects of exchange rate changes on cash and cash equivalents (1) 12
Cash and cash equivalents at the end of the year 10 3,001 2,829
1 Net receipts/(payments) for aircraft assigned to Jetstar Japan Co. Ltd and Jetstar Hong Kong Airways Limited.
2 45,415,538 shares were bought back and cancelled during the year ended 30 June 2014 (2013: 23,377,832 shares).
The above Consolidated Cash Flow Statement should be read in conjunction with the accompanying notes.