Telstra 2009 Annual Report Download - page 21

6
Telstra Corporation Limited and controlled entities
Full year results and operations review - June 2009
Statement of cash flows
Year ended 30 June
2009 2008 Change Change
$m $m $m %
Cash flows from operating activities
Receipts from customers (inclusive of goods and services tax (GST)) . . . . . . . . . . . . . . 27,719 27,246 473 1.7%
Payments to suppliers and to employees (inclusive of GST) . . . . . . . . . . . . . . . . . . . (17,074) (16,871) (203) (1.2%)
Net cash generated by operations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,645 10,375 270 2.6%
Income taxes paid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,647) (1,531) (116) (7.6%)
Net cash provided by operating activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,998 8,844 154 1.7%
Cash flows from investing activities
Payments for:
- property, plant and equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3,263) (3,862) 599 15.5%
- intangible assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,531) (1,465) (66) (4.5%)
Capital expenditure (before investments) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4,794) (5,327) 533 10.0%
- shares in controlled entities (net of cash acquired) . . . . . . . . . . . . . . . . . . . . . . . . (240) (74) (166) (224.3%)
- payments for other investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1) (1) - -
Total capital expenditure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5,035) (5,402) 367 6.8%
Proceeds from:
- sale of property, plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 28 (6) (21.4%)
- sale of intangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 211100.0%
- sale of shares in controlled entities (net of cash disposed) . . . . . . . . . . . . . . . . . . . 197 51 146 286.3%
Proceeds from finance lease principal amounts. . . . . . . . . . . . . . . . . . . . . . . . . . . 55 52 3 5.8%
Loans to jointly controlled and associated entities . . . . . . . . . . . . . . . . . . . . . . . . (4) -(4)n/m
Repayment of loan to jointly controlled and associated entities . . . . . . . . . . . . . . . . -6(6)n/m
Interest received . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 72 (7) (9.7%)
Settlement of hedges in net investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (35) 73 (108) (147.9%)
Distributions received. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 130 (30) (23.1%)
Net cash used in investing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4,633) (4,989) 356 7.1%
Operating cash flows less investing cash flows . . . . . . . . . . . . . . . . . . . . . . . . . . 4,365 3,855 510 13.2%
Cash flows from financing activities
Proceeds from borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,118 3,559 (441) (12.4%)
Repayment of borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,288) (2,458) 170 6.9%
Repayment of finance lease principal amounts . . . . . . . . . . . . . . . . . . . . . . . . . . (36) (42) 6 14.3%
Staff repayments of share loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 15 (4) (26.7%)
Purchase of shares for employee share plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . -(129) 129 n/m
Finance costs paid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,221) (1,213) (8) (0.7%)
Dividends paid to equity holders of Telstra Entity . . . . . . . . . . . . . . . . . . . . . . . . . (3,474) (3,476) 2 0.1%
Dividends paid to minority interests. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (43) (22) (21) (95.5%)
Net cash used in financing activities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3,933) (3,766) (167) (4.4%)
Net increase/(decrease) in cash and cash equivalents. . . . . . . . . . . . . . . . . . . . . . 432 89 343 385.4%
Cash and cash equivalents at the beginning of the year . . . . . . . . . . . . . . . . . . . . . 899 823 76 9.2%
Effects of exchange rate changes on cash and cash equivalents . . . . . . . . . . . . . . . . 50 (13) 63 n/m
Cash and cash equivalents at the end of the year . . . . . . . . . . . . . . . . . . . . . . . . 1,381 899 482 53.6%