Telstra 2011 Annual Report Download - page 21

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Telstra Corporation Limited and controlled entities
Full year results and operations review - June 2011
Statement of cash flows
Year ended 30 June
2011 2010 Change Change
$m $m $m %
Cashflows from operating activities
Receipts from customers (inclusive of goods and services tax (GST)). . . . . 27,389 27,128 261 1.0
Payments to suppliers and to employees (inclusive of GST) . . . . . . . . . (17,860) (16,218) (1,642) 10.1
Net cash generated by operations . . . . . . . . . . . . . . . . . . . . . 9,529 10,910 (1,381) (12.7)
Income taxes paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,511) (1,219) (292) 24.0
Net cash provided by operating activities . . . . . . . . . . . . . . . 8,018 9,691 (1,673) (17.3)
Cashflows from investing activities
Payments for:
- property, plant and equipment . . . . . . . . . . . . . . . . . . . . . . (2,342) (2,718) 376 (13.8)
- intangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . (909) (877) (32) 3.6
Capital expenditure (before investments) . . . . . . . . . . . . . . . . . (3,251) (3,595) 344 (9.6)
- shares in controlled entities (net of cash acquired) . . . . . . . . . . . . (36) (95) 59 (62.1)
Total capital expenditure . . . . . . . . . . . . . . . . . . . . . . . . (3,287) (3,690) 403 (10.9)
Proceeds from:
- sale of property, plant and equipment . . . . . . . . . . . . . . . . . . 16 24 (8) (33.3)
- sale of intangible assets . . . . . . . . . . . . . . . . . . . . . . . . . -2(2)n/m
- sale of shares in controlled entities (net of cash disposed) . . . . . . . . . 288 11 277 n/m
- sale of businesses. . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 113n/m
- sale of associates . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 -23n/m
Proceeds from finance lease principal amounts . . . . . . . . . . . . . . . 74 66 8 12.1
Repayments of loans to jointly controlled and associated entities . . . . . . 2-2n/m
Interest received . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 122 66 56 84.8
Settlement of hedges in net investments . . . . . . . . . . . . . . . . . . 96 (6) 102 n/m
Dividends recevied from SouFun. . . . . . . . . . . . . . . . . . . . . . 41 -41n/m
Distributions received from FOXTEL Partnership . . . . . . . . . . . . . . 70 60 10 16.7
Net cash used in investing activities . . . . . . . . . . . . . . . . . . (2,541) (3,466) 925 (26.7)
Operating cashflows less investing cashflows . . . . . . . . . . . . . 5,477 6,225 (748) (12.0)
Cashflows from financing activities
Proceeds from borrowings. . . . . . . . . . . . . . . . . . . . . . . . . 2,340 1,777 563 31.7
Repayment of borrowings . . . . . . . . . . . . . . . . . . . . . . . . . (2,536) (2,676) 140 (5.2)
Repayment of finance lease principal amounts . . . . . . . . . . . . . . . (61) (55) (6) 10.9
Staff repayments of share loans . . . . . . . . . . . . . . . . . . . . . . 89(1)(11.1)
Finance costs paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,135) (1,042) (93) 8.9
Dividends paid to equity holders of Telstra Entity . . . . . . . . . . . . . . (3,475) (3,474) (1) 0.0
Dividends paid to non-controlling interests . . . . . . . . . . . . . . . . . (14) (20) 6 (30.0)
Net cash used in financing activities . . . . . . . . . . . . . . . . . . (4,873) (5,481) 608 (11.1)
Net increase in cash and cash equivalents . . . . . . . . . . . . . . . 604 744 (140) (18.8)
Cash and cash equivalents at the beginning of the period . . . . . . . . . . 2,105 1,381 724 52.4
Effects of exchange rate changes on cash and cash equivalents . . . . . . . (72) (20) (52) 260.0
Cash and cash equivalents at the end of the period . . . . . . . . . . 2,637 2,105 532 25.3