Telstra 2015 Annual Report Download - page 76

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74 Telstra Corporation Limited and controlled entities
STATEMENT OF
CASH FLOWS
For the year ended 30 June 2015
The notes following the financial statements form part of the financial report.
Telstra Group
Year ended 30 June
2015 2014
Note $m $m
Cash flows from operating activities
Receipts from customers (inclusive of goods and services tax (GST)) 29,521 28,950
Payments to suppliers and to employees (inclusive of GST) (19,621) (18,710)
Government grants received 166 147
Net cash generated by operations 10,066 10,387
Income taxes paid (1,755) (1,774)
Net cash provided by operating activities 20 8,311 8,613
Cash flows from investing activities
Payments for:
- property, plant and equipment (2,845) (2,868)
- intangible assets (2,257) (894)
Capital expenditure (before investments) (5,102) (3,762)
- shares in controlled entities (net of cash acquired) 20 (984) (165)
- payments for joint ventures and associated entities 26 (48) (3)
- payments for businesses and other investments (72) (88)
Total capital expenditure (including investments) (6,206) (4,018)
Proceeds from:
- sale of property, plant and equipment 94 94
- sale of shares in controlled entities (net of cash disposed) and other investments 42,397
Proceeds from finance lease principal amounts 92 98
Interest received 167 150
Settlement of hedges in net investments (31) (21)
Term deposits 44
Distributions received from joint ventures and associated entities 184 166
Net cash used in investing activities (5,692) (1,130)
Operating cash flows less investing cash flows 2,619 7,483
Cash flows from financing activities
Proceeds from borrowings 1,714 1,572
Proceeds from borrowings from joint ventures and associated entities 20 79 -
Repayment of borrowings (3,368) (1,387)
Repayment of borrowings to joint ventures and associated entities 20 (45) -
Repayment of finance lease principal amounts (47) (91)
Share buy-back (1,004) -
Staff repayments of share loans 23
Purchase of shares for employee share plans (54) (61)
Proceeds received from exercise of equity instruments -29
Proceeds from sale of controlled entity shares 20 333 -
Finance costs paid (916) (947)
Issue of equity by controlled entities 20 121 160
Payment for share buy-back of non-controlling interests 20 -(149)
Proceeds from sale of controlled entity shares on behalf of non-controlling interests 57 8
Payments to non-controlling interests for sale of their shares in controlled entity (including tax paid on
their behalf) (54) -
Dividends paid to equity holders of Telstra Entity 4(3,699) (3,545)
Dividends paid to non-controlling interests (1) (22)
Net cash used in financing activities (6,882) (4,430)
Net (decrease)/increase in cash and cash equivalents (4,263) 3,053
Cash and cash equivalents at the beginning of the year 5,527 2,479
Effects of exchange rate changes on cash and cash equivalents 132 (5)
Cash and cash equivalents at the end of the year 20 1,396 5,527