Qantas 2016 Annual Report Download - page 82

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Notes to the Financial Statements continued
For the year ended 30 June 2016
21 NOTES TO THE CASH FLOW STATEMENT
(A) RECONCILIATION OF STATUTORY PROFIT FOR THE YEAR TO NET CASH FROM OPERATING ACTIVITIES
$M Notes 2016 2015
Statutory profit for the year 1,029 560
Adjustments for non-cash items included in profit/(loss):
Depreciation and amortisation 1,224 1,096
Share-based payments 19 37 29
Net impairment of property, plant, equipment, intangible assets and investments 312 28
Inventory write-off 315 10
Amortisation of deferred financing fees and lease benefits 20 24
Net gain on disposal of property, plant and equipment 3(226) (17)
Net gain on sale of controlled entity and related assets 3 – (11)
Share of net loss of investments accounted for under the equity method –40
Other items (5) 30
Adjustments for cash items not included in profit relating to operating activities:
Hedging related activities 141 (240)
Dividends received from investments accounted for under the equity method 4 5
Changes in other items:
− Receivables 148 28
− Inventories (29) (30)
− Other assets (229) (13)
− Payables 40 25
− Revenue received in advance 136 360
− Provisions 107 (103)
− Deferred tax assets 395 227
Net cash from operating activities 2,819 2,048
80
QANTAS ANNUAL REPORT 2016