Telstra 2012 Annual Report Download - page 44

Telstra Corporation Limited and controlled entities
14
Full year results and operations review - June 2012
n/m = not meaningful
Statement of cash flows
Year ended 30 June
2012 2011 Change Change
$m $m $m %
Cash flows from operating activities
Receipts from customers (inclusive of goods and services tax (GST)) . . . . . . . . 28,364 27,389 975 3.6
Payments to suppliers and to employees (inclusive of GST) . . . . . . . . . . . . . (17,491) (17,860) 369 (2.1)
Net cash generated by operations . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,873 9,529 1,344 14.1
Income taxes paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,597) (1,511) (86) 5.7
Net cash provided by operating activities. . . . . . . . . . . . . . . . . . . . . . 9,276 8,018 1,258 15.7
Cash flows from investing activities
Payments for:
- property, plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3,006) (2,342) (664) 28.4
- intangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (942) (909) (33) 3.6
Capital expenditure (before investments) . . . . . . . . . . . . . . . . . . . . . . . (3,948) (3,251) (697) 21.4
- shares in controlled entities (net of cash acquired) . . . . . . . . . . . . . . . . . . 0(36) 36 (100.0)
- payments for associates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (9) 0(9)(100.0)
- payments for other investments . . . . . . . . . . . . . . . . . . . . . . . . . . . (18) 0(18)(100.0)
Total capital expenditure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3,975) (3,287) (688) 20.9
Proceeds from:
- sale of property, plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . 17 16 1 6.3
- sale of intangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 202100.0
- sale of shares in controlled entities (net of cash disposed). . . . . . . . . . . . . . (9) 288 (297) (103.1)
- sale of businesses (net of cash disposed) . . . . . . . . . . . . . . . . . . . . . . (2) 14 (16) (114.3)
- sale of associates. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 023 (23) (100.0)
Proceeds from finance lease principal amounts . . . . . . . . . . . . . . . . . . . . 54 74 (20) (27.0)
Repayments of loans to jointly controlled and associated entities . . . . . . . . . . . 32150.0
Loans to jointly controlled and associated entities . . . . . . . . . . . . . . . . . . . (443) 0 (443) n/m
Interest received . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 117 122 (5) (4.1)
Settlement of hedges of net investments. . . . . . . . . . . . . . . . . . . . . . . . 49 96 (47) (49.0)
Dividends received . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 041 (41) (100.0)
Distributions received from FOXTEL Partnership . . . . . . . . . . . . . . . . . . . 108 70 38 54.3
Net cash used in investing activities . . . . . . . . . . . . . . . . . . . . . . . . (4,079) (2,541) (1,538) 60.5
Operating cash flows less investing cash flows . . . . . . . . . . . . . . . . . . 5,197 5,477 (280) (5.1)
Cash flows from financing activities
Proceeds from borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,049 2,340 709 30.3
Repayment of borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,224) (2,536) 312 (12.3)
Repayment of finance lease principal amounts . . . . . . . . . . . . . . . . . . . . (52) (61) 9 (14.8)
Staff repayments of share loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38(5)(62.5)
Finance costs paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,154) (1,135) (19) 1.7
Acquisition of non-controlling interests . . . . . . . . . . . . . . . . . . . . . . . . . (37) 0(37)n/m
Dividends paid to equity holders of Telstra Entity . . . . . . . . . . . . . . . . . . . (3,475) (3,475) 0 0.0
Dividends paid to non-controlling interests . . . . . . . . . . . . . . . . . . . . . . . (16) (14) (2) 14.3
Net cash used in financing activities . . . . . . . . . . . . . . . . . . . . . . . . (3,906) (4,873) 967 (19.8)
Net increase in cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . 1,291 604 687 113.7
Cash and cash equivalents at the beginning of the year. . . . . . . . . . . . . . . . 2,637 2,105 532 25.3
Effects of exchange rate changes on cash and cash equivalents . . . . . . . . . . . 17 (72) 89 (123.6)
Cash and cash equivalents at the end of the year . . . . . . . . . . . . . . . . . 3,945 2,637 1,308 49.6