Twenty-First Century Fox 2003 Annual Report Download - page 64

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The News Corporation Limited62
Statement of Cash Flows
FOR THE YEAR ENDED 30 JUNE, 2003
Operating activity
Net profit (loss) attributable to members of the parent entity 1,808 (11,962) (746)
Adjustment for non-cash and non-operating activities:
Associated entity earnings, net of dividends 194 388 242
Outside equity interest 421 278 196
Depreciation and amortisation 776 749 706
Other items, net 90 13,179 1,342
Change in accounting policy after tax 686
Change in financial position:
Receivables (559) (51) (410)
Inventories (206) 515 (889)
Payables (657) (396) (395)
Tax liabilities and provisions 616 378 188
Cash provided by operating activity 2,483 3,078 920
Investing and other activity
Property, plant and equipment (551) (505) (1,113)
Acquisitions, net of cash acquired (644) (1,770) (51)
Investments in associated entities (794) (942) (1,714)
Other investments (145) (667) (1,288)
Repayment of loan by an associate 170
Proceeds from sale of non-current assets 167 4,284 2,387
Cash (used in) provided by investing activity (1,797) 400 (1,779)
Financing activity
Issuance of debt and exchangeable securities 3,172 1,496
Repayment of debt and exchangeable securities (3,673) (2,181) (63)
Cash on deposit (698)
Issuance of shares 1,927 133 56
Repurchase of preferred shares (91)
Dividends paid (272) (278) (205)
Leasing and other finance costs (7) (5)
Cash provided by (used in) financing activity 456 (2,333) 1,188
Net increase in cash 1,142 1,145 329
Opening cash balance 6,337 5,615 4,638
Exchange movement on opening cash balance (733) (423) 648
Closing cash balance 6,746 6,337 5,615
Gross cash flows from operating activity
Cash from trading operations
Receipts 29,361 28,970 25,176
Payments (25,561) (24,423) (23,120)
3,800 4,547 2,056
Dividend and distribution receipts 48 38 86
Interest receipts 207 247 302
Interest payments (1,084) (1,324) (1,225)
Income tax payments (394) (337) (209)
Dividends paid on exchangeable securities (94) (93) (90)
Cash provided by operating activity 2,483 3,078 920
The Statement of Cash Flows is to be read in conjunction with the accompanying notes.
Consolidated
2003 2002 2001
A$ million