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Annual Report 2016 65
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2016
Consolidated statement of cash flows
For the year ended 30 June 2016
Notes
2016
$'000
2015
$'000
Cash flows from operating activities
Receipts from customers (inclusive of goods and services tax)
441,317
527,425
Payments to suppliers and employees (inclusive of goods and services tax)
(320,926)
(300,592)
120,391
226,833
Interest and other costs of finance paid
(6,915)
(1,054)
Interest received
1,587
1,351
Payments for exploration expenditure
(20,032)
(25,742)
Receipts from other operating activities
163
325
Net cash inflow from operating activities
95,194
201,713
Cash flows from investing activities
Payments for property, plant and equipment
(10,711)
(16,602)
Proceeds from sale of property, plant and equipment and other investments
16,961
336
Payments for purchase of listed investments
(1,605)
(13,085)
Payments for development expenditure
(215,489)
(44,118)
Payments for capitalised exploration and evaluation expenditure
(10,586)
(12,417)
Payment for acquisition of subsidiary, net of cash acquired
(202,052)
-
Net cash (outflow) from investing activities
(423,482)
(85,886)
Cash flows from financing activities
Proceeds from borrowings
271,000
-
Repayment of borrowings
-
(25,000)
Transaction costs associated with borrowings
(5,355)
(142)
Repayment of finance lease liabilities
(510)
(3,497)
Payment of dividends
19
(12,786)
(25,768)
Net cash inflow (outflow) from financing activities
252,349
(54,407)
Net (decrease) increase in cash and cash equivalents
(75,939)
61,420
Cash and cash equivalents at the beginning of the period
121,296
56,972
Effects of exchange rate changes on cash and cash equivalents
907
2,904
Cash and cash equivalents at the end of the period
7
46,264
121,296
The above consolidated statement of cash flows should be read in conjunction with the accompanying notes.
Independence Group NL
37