Qantas 2003 Annual Report Download - page 47

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page 45
Spirit of Australia
Qantas Group
2003 2002
$M $M
CASH FLOWS FROM OPERATING ACTIVITIES
Cash receipts in the course of operations 12,567.3 12,043.9
Cash payments in the course of operations (10,960.6) (10,647.7)
Interest received 114.4 69.1
Borrowing costs paid (268.1) (169.2)
Dividends received 7.0 13.1
Income taxes paid (169.2) (165.9)
Net cash provided by operating activities 1,290.8 1,143.3
CASH FLOWS FROM INVESTING ACTIVITIES
Payments for property, plant and equipment (3,137.2) (2,463.4)
Receipts for aircraft security deposits 197.7 124.6
To tal payments for purchases of property, plant, equipment and aircraft security deposits (2,939.5) (2,338.8)
Proceeds from sale of property, plant and equipment 36.7 12.7
Proceeds from sale of investments –39.3
Payments for investments, net of cash acquired (92.9) (19.3)
Net cash used in investing activities (2,995.7) (2,306.1)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayments of borrowings/swaps (798.3) (1,109.7)
Proceeds from borrowings 3,205.2 2,269.9
Net proceeds from the issue of shares 701.0 652.7
Dividends paid (172.3) (124.1)
Net cash provided by financing activities 2,935.6 1,688.8
RECONCILIATION OF CASH PROVIDED BY/(USED IN):
Operating activities 1,290.8 1,143.3
Investing activities (2,995.7) (2,306.1)
Financing activities 2,935.6 1,688.8
Net increase in cash held 1,230.7 526.0
Cash at the beginning of the financial year 785.2 259.2
Cash at the end of the financial year 2,015.9 785.2
The Statement of Cash Flow s is to be read in conjunction with the Discussion and Analysis on page 46 and the Notes to the Financial Statements on pages 47 to 53.
STATEMENT OF CASH FLOWS
for the year ended 30 June 2003