Telstra 2005 Annual Report Download - page 53

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www.telstra.com.au/abouttelstra/investor 51
statement of cash flows for the year ended 30 June 2005 Telstra Group
Year ended 30 June
2005 2004
$m $m
Cash flows from operating activities
Receipts from trade and other receivables 24,526 23,205
Payments of accounts payable and to employees (12,754) (12,067)
Interest received 80 51
Borrowing costs paid (879) (846)
Dividends received 22
Income taxes paid (1,718) (1,856)
GST remitted to the Australian Taxation Office (1,094) (1,056)
Net cash provided by operating activities 8,163 7,433
Cash flows from investing activities
Payment for:
– property, plant and equipment (2,995) (2,572)
– internal use software assets (523) (435)
– intangibles (6) (2)
– deferred expenditure (15) (6)
Capital expenditure (before investments) (3,539) (3,015)
– shares in controlled entities (574) (667)
– investment in joint venture entities (10) (1)
– investments in associated entities (including share buy-back) (4) 1
– shares in listed securities and other investments (2) (1)
Investment expenditure (590) (668)
Total capital expenditure (4,129) (3,683)
Proceeds from:
– sale of property, plant and equipment 68 168
– sale of joint venture entities and associated entities 30 221
– sale of listed securities and other investments 146 24
– redemption of PCCW converting note 76 –
Net cash used in investing activities (3,809) (3,270)
Operating cash flows less investing cash flows 4,354 4,163
Cash flows from financing activities
Proceeds from:
– borrowings 6,433 4,119
– Telstra bonds 983 –
Repayment of:
– borrowings (5,735) (4,274)
– Telstra bonds (272) (211)
– finance leases principal amount (16) (13)
Employee share loans 19 24
Loan to joint venture entities and associated entities (37) (226)
Dividends paid (4,131) (3,186)
Share buy-back (756) (1,009)
Net cash used in financing activities (3,512) (4,776)
Net increase/(decrease)in cash 842 (613)
Foreign currency conversion (3) –
Cash at the beginning of the year 687 1,300
Cash at the end of the year 1,526 687
The above statement of cash flows should be read in conjunction with the accompanying notes and discussion and analysis. The financial statements and specific disclosures have been
derived from the financial report contained in the ‘Annual Report 2005’. This concise financial report cannot be expected to provide as full an understanding of the financial performance,
financial position and cash flow activities of Telstra as the financial report. Further financial information can be obtained from the ‘Annual Report 2005’ which is available, free of charge, upon
request to Telstra.