Qantas 2002 Annual Report Download - page 41

Download and view the complete annual report

Please find page 41 of the 2002 Qantas annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 56

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56

THE SPIRIT OF AUSTRALIA p39
statement of cash flows
for the year ended 30 June 2002
Qantas Group
2002 2001
$M $M
Cash flows from operating activities
Cash receipts in the course of operations 12,043.9 10,527.8
Cash payments in the course of operations (10,647.7) (9,145.5)
Interest received 69.1 69.9
Borrowing costs paid (169.2) (151.8)
Dividends received 13.1 43.8
Income taxes paid (165.9) (243.5)
Net cash provided by operating activities 1,143.3 1,100.7
Cash flows from investing activities
Payments for property, plant and equipment (2,463.4) (995.5)
Receipts for aircraft security deposits 124.6 44.4
Total payments for purchases of property, plant, equipment
and aircraft security deposits (2,338.8) (951.1)
Proceeds from sale of property, plant and equipment 12.7 16.4
Proceeds from sale and leaseback of property, plant and equipment –147.5
Proceeds from sale of investments 39.3 –
Payments for investments, net of cash acquired (19.3) (17.1)
Loans to associates –(67.0)
Net cash (used in) investing activities (2,306.1) (871.3)
Cash flows from financing activities
Repayments of borrowings/swaps (1,109.7) (1,028.0)
Proceeds from borrowings 2,269.9 804.8
Proceeds from the issue of shares 652.7 19.0
Dividends paid (124.1) (454.8)
Net cash provided by/(used in) financing activities 1,688.8 (659.0)
Reconciliation of cash provided by/(used in):
Operating activities 1,143.3 1,100.7
Investing activities (2,306.1) (871.3)
Financing activities 1,688.8 (659.0)
Net increase/(decrease) in cash held 526.0 (429.6)
Cash at the beginning of the financial year 259.2 688.8
Cash at the end of the financial year 785.2 259.2
The Statement of Cash Flows is to be read in conjunction with the Discussion and Analysis on page 40 and the Notes to the Financial
Statements on pages 41 to 47.