Qantas 2004 Annual Report Download - page 59

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Qantas Group
2004 2003
$M $M
CASH FLOWS FROM OPERATING ACTIVITIES
Cash receipts in the course of operations 12,328.5 12,567.3
Cash payments in the course of operations (10,128.6) (10,960.6)
Interest received 126.0 114.4
Borrowing costs paid (305.6) (268.1)
Dividends received 12.4 7.0
Income taxes paid (33.3) (169.2)
Net cash provided by operating activities 1,999.4 1,290.8
CASH FLOWS FROM INVESTING ACTIVITIES
Payments for property, plant and equipment (2,007.0) (3,137.2)
Receipts for aircraft security deposits 63.1 197.7
Net payments for purchases of property, plant, equipment and aircraft security deposits (1,943.9) (2,939.5)
Proceeds from sale of property, plant and equipment 50.1 36.7
Proceeds from sale and lease back of non-current assets 171.7 –
Payments for investments, net of cash acquired (271.9) (92.9)
Advances of investment loans (128.2) –
Payments for other intangibles (47.3) –
Net cash used in investing activities (2,169.5) (2,995.7)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayments of borrowings/swaps (1,822.9) (798.3)
Proceeds from borrowings/swaps 1,413.2 3,205.2
Net proceeds from the issue of shares 90.6 701.0
Dividends paid (161.4) (172.3)
Net cash provided by/(used in) financing activities (480.5) 2,935.6
RECONCILIATION OF CASH PROVIDED BY/(USED IN):
Operating activities 1,999.4 1,290.8
Investing activities (2,169.5) (2,995.7)
Financing activities (480.5) 2,935.6
Net increase/(decrease) in cash held (650.6) 1,230.7
Cash at the beginning of the financial year 2,015.9 785.2
Cash at the end of the financial year 1,365.3 2,015.9
The Statement of Cash Flows is to be read in conjunction with the Discussion and Analysis on page 58 and the Notes to the Financial
Statements on pages 59 to 77.
Statement of Cash Flows
for the year ended 30 June 2004
Qantas Annual Report 2004 57Spirit of Australia