Telstra 2007 Annual Report Download - page 120

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Telstra Corporation Limited and controlled entities
The not es following the financial statements form part of the financial report.
Cash Flow Statement
for the year ended 30 June 2007
Telstra Group Telstra Entity
Year ended 30 June Year ended 30 June
2007 2006 2007 2006
Note $m $m $m $m
Cash flows from operating activities
Receipts from customers (inclusive of goods and services tax (GST)) . . . . . . . . . . . . 26,187 25,191 22,707 21,890
Payments to suppliers and to employees (inclusive of GST) . . . . . . . . . . . . . . . . . (16,049) (14,756) (12,925) (11,725)
Net cash generated by operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,138 10,435 9,782 10,165
Income taxes paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,618) (1,882) (1,584) (1,863)
Net cash provided by operating activities . . . . . . . . . . . . . . . . . . . . . . . . . .24 8,520 8,553 8,198 8,302
Cash flows from investing activities
Pay m ent s for:
- property, plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4,657) (3,636) (4,172) (3,483)
- intangible assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (995) (619) (802) (502)
Capital expenditure (before investments) . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5,652) (4,255) (4,974) (3,985)
- shares in controlled entities (net of cash acquired) . . . . . . . . . . . . . . . . . . . . .24 (326) (43) (13) (27)
- payments for other investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4) (5) (2) -
Total capital expenditure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5,982) (4,303) (4,989) (4,012)
Proceeds from:
- sale of property, plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 50 47 72
- sale of intangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-2-
- sale of shares in controlled ent ities (net of cash disposed) . . . . . . . . . . . . . . . .24 218 4--
- sale of other investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 89 13 89
Proceeds from finance lease principal amounts. . . . . . . . . . . . . . . . . . . . . . . . . 84 30 84 30
Net cash consideration from CSL New World Mobility merger . . . . . . . . . . . . . . .24 (21) 42 --
Issue of additional shares by controlled entities . . . . . . . . . . . . . . . . . . . . . . . . -6--
Proceeds from share buy-back by jointly controlled and associated entities. . . . . . . -34 -34
Loan to jointly controlled and associated entities . . . . . . . . . . . . . . . . . . . . . . . (24) ---
Interest received . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 74 48 71
Net cash used in investing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5,621) (3,974) (4,795) (3,716)
Operating cash flows less investing cash flows . . . . . . . . . . . . . . . . . . . . . . . . 2,899 4,579 3,403 4,586
Cash flows from financing activities
Proceeds from borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,206 3,241 5,414 3,280
Proceeds from Telstra bonds and domestic loans. . . . . . . . . . . . . . . . . . . . . . . . 373 -373 -
Repayment of borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3,776) (2,224) (4,570) (2,303)
Repayment of Telstra bonds and domestic loans. . . . . . . . . . . . . . . . . . . . . . . . -(517) -(517)
Repayment of finance lease principal amounts . . . . . . . . . . . . . . . . . . . . . . . . (42) (31) (39) (30)
Staff repayments of share loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .21 17 24 17 24
Purchase of shares for employee share plans . . . . . . . . . . . . . . . . . . . . . . . . .21 -(6) -(6)
Finance costs paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,056) (945) (1,047) (958)
Dividends paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 (3,479) (4,970) (3,479) (4,970)
Net cash used in financing activities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,757) (5,428) (3,331) (5,480)
Net increase/(decrease) in cash and cash equivalents. . . . . . . . . . . . . . . . . . . . 142 (849) 72 (894)
Cash and cash equivalents at the beginning of the year . . . . . . . . . . . . . . . . . . . 689 1,534 474 1,368
Effects of exchange rate changes on cash and cash equivalents . . . . . . . . . . . . . . (8) 4--
Cash and cash equivalents at the end of the year . . . . . . . . . . . . . . . . . . . . .24 823 689 546 474