Qantas 2006 Annual Report Download - page 74

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72
Qantas Group Qantas
Notes
2006
$M
2005
$M
2006
$M
2005
$M
CASH FLOWS FROM OPERATING ACTIVITIES
Cash receipts in the course of operations 14,396.1 13,229.9 11,554.7 11,078.0
Cash payments in the course of operations (12,086.8) (10,878.3) (9,699.2) (9,073.0)
Interest received 165.3 116.9 148.2 101.2
Interest paid (322.9) (291.8) (332.4) (195.3)
Dividends received 37.0 28.1 19.7 12.8
Income taxes paid (162.7) (102.9) (110.1) (60.8)
Net cash from operating activities 34 2,026.0 2,101.9 1,580.9 1,862.9
CASH FLOWS FROM INVESTING ACTIVITIES
Payments for property, plant and equipment1(1,527.1) (1,806.3) (1,132.9) (1,338.2)
Proceeds from sale of property, plant and equipment 47.4 71.4 40.8 66.9
Proceeds from financing of non-current assets2627.8 257.9 627.8 257.9
Payments for investments, net of cash acquired (37.3) (44.6) (37.2) (29.4)
(Advances)/repayments of investment loans (0.4) 1.9 ––
Net cash used in investing activities (889.6) (1,519.7) (501.5) (1,042.8)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of borrowings (563.3) (1,118.3) (563.6) (1,208.8)
Proceeds from borrowings/swaps 632.2 1,248.3 624.4 1,322.2
Receipts for aircraft security deposits 5.0 1.3 5.0 0.9
Dividends paid3(212.1) (175.0) (211.8) (172.8)
Net cash used in fi nancing activities (138.2) (43.7) (146.0) (58.5)
Net increase in cash and cash equivalents held 998.2 538.5 933.4 761.6
Cash and cash equivalents held at the beginning of the year 1,903.8 1,365.3 2,045.7 1,284.1
Cash and cash equivalents at the end of the year 6 2,902.0 1,903.8 2,979.1 2,045.7
1 As a consequence of the assignment of purchase rights prior to aircraft delivery, contractual payments to manufacturers of $631.1 million (2005: $37.0 million) were settled
by aircraft lessors.
2 Included in the proceeds from financing of non-current assets was $412.2 million (2005: $18.8 million) in relation to 19 (2005: one) aircraft. The rights to these aircraft were
sold prior to delivery of the aircraft to a lessor and leased back via operating lease.
3 During the year, 55,333,681 (2005: 52,474,143) shares were issued under the DRP. Dividends settled in shares rather than cash during the year totalled $189.9 million (2005:
$178.4 million).
Cash Flow Statements
for the year ended 30 June 2006