Qantas 2015 Annual Report Download - page 56

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55
QANTAS ANNUAL REPORT 2015
Qantas Group
Notes
2015
$M
2014
$M
CASH FLOWS FROM OPERATING ACTIVITIES
Cash receipts from customers 17,239 16,720
Cash payments to suppliers and employees (excluding cash payments to employees
for redundancies and related costs) (14,747) (15,288)
Cash generated from operations 2,492 1,432
Cash payments to employees for redundancies and related costs (251) (185)
Interest received 85 74
Interest paid (281) (254)
Dividends received from investments accounted for under the equity method 5 4
Income taxes paid (2) (2)
Net cash from operating activities 27 2,048 1,069
CASH FLOWS FROM INVESTING ACTIVITIES
Payments for property, plant and equipment and intangible assets (1,359) (1,161)
Interest paid and capitalised on qualifying assets 5(17) (34)
Payments for the acquisition of controlled entities, net of cash acquired (7) –
Payments for investments accounted for under the equity method (58) (72)
Net receipts for aircraft assigned to investments accounted for under the equity method
1
266 8
Proceeds from disposal of property, plant and equipment 194 141
Proceeds from disposal of controlled entities, net of cash disposed 28 70
Net proceeds from/(loans to) investments accounted for under the equity method 9(21)
Net cash used in investing activities (944) (1,069)
CASH FLOWS FROM FINANCING ACTIVITIES
Payments for shares bought back –(63)
Payments for treasury shares (1) –
Proceeds from borrowings 796 717
Repayments of borrowings (2,276) (1,027)
Proceeds from sale and finance leaseback of non-current assets 275 564
Net payments for aircraft security deposits and hedges related to debt (8) (17)
Dividends paid to non-controlling interests (4) (1)
Net cash (used in)/provided by financing activities (1,218) 173
Net (decrease)/increase in cash and cash equivalents held (114) 173
Cash and cash equivalents at the beginning of the year 3,001 2,829
Effects of exchange rate changes on cash and cash equivalents 21 (1)
Cash and cash equivalents at the end of the year 10 2,908 3,001
1 Net receipts for aircraft assigned to Jetstar Japan Co. Ltd and Jetstar Hong Kong Airways Limited.
The above Consolidated Cash Flow Statement should be read in conjunction with the accompanying notes.
CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 JUNE 2015