Qantas 2013 Annual Report Download - page 105

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103
QANTAS ANNUAL REPORT 2013
Consolidated Cash Flow Statement
FOR THE YEAR ENDED 30 JUNE 2013
Qantas Group
Notes
2013
$M
2012
$M
CASH FLOWS FROM OPERATING ACTIVITIES
Cash receipts in the course of operations 16,582 16,699
Cash payments in the course of operations (15,185) (14,795)
Interest received 110 170
Interest paid (229) (285)
Dividends received from associates and jointly controlled entities 15 142 22
Income tax paid (3) (1)
Net cash from operating activities 27 1,417 1,810
CASH FLOWS FROM INVESTING ACTIVITIES
Payments for property, plant and equipment and intangible assets (1,247) (2,129)
Net payments for aircraft assigned to associates
1
(12) (92)
Interest paid and capitalised on qualifying assets 5(61)(83)
Proceeds from disposal of property, plant and equipment 32 54
Net proceeds from repayment of loans receivable from jointly controlled entities 125 –
Proceeds from sale and operating leaseback of non-current assets 812
Proceeds from disposal of controlled entities, net of cash disposed 18 –
Proceeds from disposal of jointly controlled entities 189 –
Payments for the acquisition of controlled entities, net of cash acquired 28 (24) (11)
Payments for investments in associates (73) (33)
Net cash used in investing activities (1,045) (2,282)
CASH FLOWS FROM FINANCING ACTIVITIES
Payments for shares bought back2(36) –
Payments for treasury shares (16) (16)
Proceeds from borrowings 846 688
Repayments of borrowings (1,494) (566)
Proceeds from sale and nance leaseback of non-current assets 83 283
Net payments for aircraft security deposits and hedges related to debt (336) (18)
Dividends paid to non-controlling interests –(1)
Net cash (used in)/from nancing activities (953) 370
Net decrease in cash and cash equivalents held (581) (102)
Cash and cash equivalents at the beginning of the year 3,398 3,496
Effects of exchange rate changes on cash and cash equivalents 12 4
Cash and cash equivalents at the end of the year 10 2,829 3,398
1 Net payments for aircraft assigned to Jetstar Japan Co., Ltd and Jetstar Hong Kong Airways Limited.
2 23,377,832 shares were bought back and cancelled during the year ended 30 June 2013.
The above Consolidated Cash Flow Statement should be read in conjunction with the accompanying notes.