Telstra 2008 Annual Report Download - page 9

6
Telstra Corporation Limited and controlled entities
Full year results and operations review - June 2008
Statement of cash flows
(
Cash flow summary
Year ended 30 June
2008 2007 Change 2008/2007
$m $m $m (% change)
Receipts from customers (inclusive of goods and services tax GST) . . . . . . . . . . . . . . . 27,246 26,187 1,059 4.0%
Payments to suppliers and employees (inclusive of GST) . . . . . . . . . . . . . . . . . . . . . (16,871) (16,049) (822) 5.1%
Net cash generated by operations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,375 10,138 237 2.3%
Income taxes paid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,531) (1,618) 87 (5.4%)
Net cash provided by operating activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,844 8,520 324 3.8%
Payments for: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- property, plant and equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3,862) (4,657) 795 (17.1%)
- intangible assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,465) (995) (470) 47.2%
Capital expenditure (before investments) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5,327) (5,652) 325 (5.8%)
- shares in controlled entities (net of cash acquired) . . . . . . . . . . . . . . . . . . . . . . . . (74) (326) 252 (77.3%)
- payments for other investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1) (4) 3 (75.0%)
Total capital expenditure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5,402) (5,982) 580 (9.7%)
Proceeds from: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- sale of property, plant and equipment and intangibles . . . . . . . . . . . . . . . . . . . . . 29 34 (5) (14.7%)
- sale of shares in controlled entities and other investments (net of cash disposed) . . . . 51 232 (181) (78.0%)
Proceeds from finance lease principal amounts. . . . . . . . . . . . . . . . . . . . . . . . . . . 52 84 (32) (38.1%)
Net cash consideration from CSL New World Mobility merger . . . . . . . . . . . . . . . . . . -(21) 21 -
Loans repaid by/(provided to) jointly controlled and associated entities . . . . . . . . . . . 6(24) 30 (125.0%)
Interest received . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 72 56 16 28.6%
Proceeds from settlement of hedges in net investments . . . . . . . . . . . . . . . . . . . . . 73 -73 -
Distribution from FOXTEL† Partnership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 130 -130 -
Net cash used in investing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4,989) (5,621) 632 (11.2%)
Operating cash flows less investing cash flows . . . . . . . . . . . . . . . . . . . . . . . . . . 3,855 2,899 956 33.0%
Proceeds from borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,498 5,206 1,292 24.8%
Proceeds from Telstra bonds and domestic loans. . . . . . . . . . . . . . . . . . . . . . . . . . -373 (373) -
Repayment of borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5,397) (3,776) (1,621) 42.9%
Repayment of finance lease principal amounts . . . . . . . . . . . . . . . . . . . . . . . . . . (42) (42) - 0.0%
Staff repayments of share loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 17 (2) (11.8%)
Purchase of shares for employee share plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . (129) - (129) -
Finance costs paid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,213) (1,056) (157) 14.9%
Dividends paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3,476) (3,479) 3 (0.1%)
Dividends paid to minority interests. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (22) -(22) -
Net cash used in financing activities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3,766) (2,757) (1,009) 36.6%
Net increase/(decrease) in cash and cash equivalent . . . . . . . . . . . . . . . . . . . . . . 89 142 (53) (37.3%)
Cash and cash equivalents at the beginning of the period . . . . . . . . . . . . . . . . . . . . 823 689 134 19.4%
Effect of exchange rate changes on cash and cash equivalents . . . . . . . . . . . . . . . . . (13) (8) (5) 62.5%
Cash and cash equivalents at the end of the period . . . . . . . . . . . . . . . . . . . . . . . 899 823 76 9.2%