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FINANCIAL STATEMENTS
Telstra Corporation Limited and controlled entities Telstra Annual Report 2013 73
The notes following the financial statements form part of the financial report.
STATEMENT OF
CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2013
Telstra Group
Year ended 30 June
2013 2012
Note $m $m
Cash flows from operating activities
Receipts from customers (inclusive of goods and services tax (GST)) . . . . . . . . . . . . . . . . . . . 28,585 28,188
Payments to suppliers and to employees (inclusive of GST) . . . . . . . . . . . . . . . . . . . . . . . . (18,803) (17,491)
Government grants received . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77 176
Net cash generated by operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,859 10,873
Income taxes paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,500) (1,597)
Net cash provided by operating activities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 8,359 9,276
Cash flows from investing activities
Payments for:
- property, plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,818) (3,006)
- intangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,691) (942)
Capital expenditure (before investments) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4,509) (3,948)
- shares in controlled entities (net of cash acquired) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 (9) -
- payments for jointly controlled and associated entities . . . . . . . . . . . . . . . . . . . . . . . . . . 26 (8) (9)
- payments for other investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 (19) (18)
Total capital expenditure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4,545) (3,975)
Proceeds from:
- sale of property, plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57 17
- sale of intangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 2
- sale of shares in controlled entities (net of cash disposed). . . . . . . . . . . . . . . . . . . . . . . . 20 693 (9)
- sale of businesses (net of cash disposed) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4(2)
Proceeds from finance lease principal amounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64 54
Repayment of loans to jointly controlled and associated entities . . . . . . . . . . . . . . . . . . . . . . -3
Loans to jointly controlled and associated entities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1) (443)
Interest received . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 236 117
Settlement of hedges in net investments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (11) 49
Dividends received . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1-
Distributions received from FOXTEL Partnership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 155 108
Net cash used in investing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3,335) (4,079)
Operating cash flows less investing cash flows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,024 5,197
Cash flows from financing activities
Proceeds from borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,074 3,049
Repayment of borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4,042) (2,224)
Repayment of finance lease principal amounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (97) (52)
Proceeds from sale and finance lease back transactions . . . . . . . . . . . . . . . . . . . . . . . . . . 52 -
Staff repayments of share loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43
Proceeds received from exercise of equity instruments . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 -
Finance costs paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,037) (1,154)
Acquisition of non-controlling interests . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 (1) (37)
Dividends paid to equity holders of Telstra Entity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 (3,480) (3,475)
Dividends paid to non-controlling interests. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (28) (16)
Net cash used in financing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6,526) (3,906)
Net (decrease)/increase in cash and cash equivalents. . . . . . . . . . . . . . . . . . . . . . . . . . (1,502) 1,291
Cash and cash equivalents at the beginning of the year. . . . . . . . . . . . . . . . . . . . . . . . . . . 3,945 2,637
Effects of exchange rate changes on cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . 36 17
Cash and cash equivalents at the end of the year . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 2,479 3,945