Qantas 2016 Annual Report Download - page 59

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Consolidated Cash Flow Statement
For the year ended 30 June 2016
Notes
2016
$M
2015
$M
CASH FLOWS FROM OPERATING ACTIVITIES
Cash receipts from customers 17,723 17,23 9
Cash payments to suppliers and employees (excluding cash payments to employees for
wage freeze bonus, redundancies and related costs) (14,600) (14,747)
Cash generated from operations 3,123 2,492
Cash payments to employees for redundancies and related costs (90) (251)
Cash payments to employees for wage freeze bonus (53) –
Interest received 64 85
Interest paid (227) (281)
Dividends received from investments accounted for under the equity method 4 5
Income taxes paid (2) (2)
Net cash from operating activities 21 2,819 2,048
CASH FLOWS FROM INVESTING ACTIVITIES
Payments for property, plant and equipment and intangible assets (1,618) (1,359)
Interest paid and capitalised on qualifying assets 4(24) (17)
Payments for the acquisition of controlled entities, net of cash acquired –(7)
Payments for investments accounted for under the equity method (39) (58)
Net receipts for aircraft assigned to investments accounted for under the equity method1–266
Proceeds from disposal of property, plant and equipment 509 194
Proceeds from disposal of controlled entities, net of cash disposed –28
Net loan repayment from investments accounted for under the equity method 27 9
(1,145) (944)
Aircraft operating lease refinancing (778) –
Net cash used in investing activities (1,923) (944)
CASH FLOWS FROM FINANCING ACTIVITIES
Payments for capital return (505) –
Payments for share buy-back (500) –
Payments for treasury shares (75) (1)
Proceeds from borrowings –796
Repayments of borrowings (807) (2,276)
Proceeds from sale and finance leaseback of non-current assets –275
Net receipts/(payments) for aircraft security deposits and hedges related to debt 62 (8)
Dividends paid to non-controlling interests –(4)
Net cash used in financing activities (1,825) (1,218)
Net decrease in cash and cash equivalents held (929) (114)
Cash and cash equivalents at the beginning of the year 2,908 3,001
Effects of exchange rate changes on cash and cash equivalents 121
Cash and cash equivalents at the end of the year 81,980 2,908
1 Net receipts for aircraft assigned to Jetstar Japan Co. Ltd and Jetstar Hong Kong Airways Limited.
The above Consolidated Cash Flow Statement should be read in conjunction with the accompanying notes.
57
QANTAS ANNUAL REPORT 2016