Telstra 2009 Annual Report Download - page 100

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Telstra Corporation Limited and controlled entities
The notes following the financial statements form part of the financial report.
Statement of Cash Flows
for the year ended 30 June 2009
Telstra Group Telstra Entity
Year ended 30 June Year ended 30 June
2009 2008 2009 2008
Note $m $m $m $m
Cash flows from operating activities
Receipts from customers (inclusive of goods and services tax (GST)) . . . . . . . . . . . . 27,719 27,246 24,076 23,762
Payments to suppliers and to employees (inclusive of GST) . . . . . . . . . . . . . . . . . (17,074) (16,871) (13,829) (13,720)
Net cash generated by operations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,645 10,375 10,247 10,042
Income taxes paid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,647) (1,531) (1,599) (1,513)
Net cash provided by operating activities . . . . . . . . . . . . . . . . . . . . . . . . . .20 8,998 8,844 8,648 8,529
Cash flows from investing activities
Payments for:
- property, plant and equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3,263) (3,862) (2,967) (3,609)
- intangible assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,531) (1,465) (1,181) (1,208)
Capital expenditure (before investments) . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4,794) (5,327) (4,148) (4,817)
- shares in controlled entities (net of cash acquired) . . . . . . . . . . . . . . . . . . . . .20 (240) (74) --
- payments for other investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1) (1) (1) (1)
Total capital expenditure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5,035) (5,402) (4,149) (4,818)
Proceeds from:
- sale of property, plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 28 35 58
- sale of intangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21--
- sale of shares in controlled entities (net of cash disposed) . . . . . . . . . . . . . . . .20 197 51 --
Proceeds from finance lease principal amounts. . . . . . . . . . . . . . . . . . . . . . . . . 55 52 55 52
Loans to jointly controlled and associated entities . . . . . . . . . . . . . . . . . . . . . . (4) ---
Repayment of loan to jointly controlled and associated entities . . . . . . . . . . . . . . -6--
Interest received . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 72 60 60
Settlement of hedges in net investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . (35) 73 (35) 73
Distributions received from FOXTEL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 100 130 --
Dividends received from controlled entities . . . . . . . . . . . . . . . . . . . . . . . . . . . --100 127
Net cash used in investing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4,633) (4,989) (3,934) (4,448)
Operating cash flows less investing cash flows . . . . . . . . . . . . . . . . . . . . . . . . 4,365 3,855 4,714 4,081
Cash flows from financing activities
Proceeds from borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,118 3,559 3,185 3,703
Repayment of borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,288) (2,458) (2,719) (2,937)
Repayment of finance lease principal amounts . . . . . . . . . . . . . . . . . . . . . . . . (36) (42) (36) (38)
Staff repayments of share loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 15 11 15
Purchase of shares for employee share plans . . . . . . . . . . . . . . . . . . . . . . . . . . -(129) -(129)
Finance costs paid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,221) (1,213) (1,207) (1,223)
Dividends paid to equity holders of Telstra Entity . . . . . . . . . . . . . . . . . . . . . . 4 (3,474) (3,476) (3,474) (3,476)
Dividends paid to minority interests. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (43) (22) --
Net cash used in financing activities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3,933) (3,766) (4,240) (4,085)
Net increase/(decrease) in cash and cash equivalents. . . . . . . . . . . . . . . . . . . . 432 89 474 (4)
Cash and cash equivalents at the beginning of the year . . . . . . . . . . . . . . . . . . . 899 823 542 546
Effects of exchange rate changes on cash and cash equivalents . . . . . . . . . . . . . . 50 (13) --
Cash and cash equivalents at the end of the year . . . . . . . . . . . . . . . . . . . . .20 1,381 899 1,016 542