Twenty-First Century Fox 2004 Annual Report Download - page 66

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Consolidated
2004 2003 2002
A$ million
Operating activity
Net profit (loss) attributable to members of the parent entity 2,312 1,808 (11,962)
Adjustment for non-cash and non-operating activities:
Associated entity (profits) losses (367) 159 314
Distributions from investees 187 35 74
Outside equity interest 314 421 278
Depreciation and amortisation 844 776 749
Other items, net 54 90 13,179
Change in financial position:
Receivables (480) (559) (51)
Inventories (459) (206) 515
Payables 465 (657) (396)
Tax liabilities and provisions 562 616 378
Cash provided by operating activity 3,432 2,483 3,078
Investing and other activity
Property, plant and equipment (517) (551) (505)
Acquisitions, net of cash acquired (289) (644) (1,770)
Investments in associated entities (4,639) (794) (942)
Other investments (130) (145) (667)
Repayment of loan by an associate 170
Proceeds from sale of non-current assets and business disposals 1,245 167 4,284
Cash (used in) provided by investing activity (4,330) (1,797) 400
Financing activity
Issuance of debt and exchangeable securities 785 3,172
Repayment of debt and exchangeable securities (1,351) (3,673) (2,181)
Cash on deposit 232 (698)
Issuance of shares 834 1,927 133
Dividends paid (289) (272) (278)
Other (7)
Cash provided by (used in) financing activity 211 456 (2,333)
Net (decrease) increase in cash (687) 1,142 1,145
Opening cash balance 6,746 6,337 5,615
Exchange movement on opening cash balance (254) (733) (423)
Closing cash balance 5,805 6,746 6,337
Gross cash flows from operating activity
Cash from trading operations
Receipts 28,946 29,361 28,970
Payments (24,402) (25,561) (24,471)
4,544 3,800 4,499
Dividend and distribution receipts 199 48 86
Interest receipts 199 207 247
Interest payments (884) (1,084) (1,324)
Income tax payments (592) (394) (337)
Payments on exchangeable securities (34) (94) (93)
Cash provided by operating activity 3,432 2,483 3,078
The Statement of Cash Flows is to be read in conjunction with the accompanying notes.
64
NEWS CORPORATION CONCISE REPORT 2004
Statement of Cash Flows
for the year ended 30 June, 2004