Airways Annual Report 2019

Airways Corporation of New Zealand Limited Annual Report 2018 2019

Statement of cash flows

Group

2019 ($000’s)

2018 ($000’s)

CHAIR AND CEO’S REVIEW

For the year ended 30 June

Notes

Cash flows from operating activities CASH WAS PROVIDED FROM: Receipts from customers

INVESTING IN THE FUTURE

228,646

213,111

Interest received

13

25

INTEGRATING DRONES INTO OUR AIRSPACE

CASH WAS APPLIED TO: Payments to suppliers

(48,670)

(38,974)

Payments to employees

(121,823)

(117,602)

Interest paid

(493)

(60)

AIRWAYS INTERNATIONAL

Income tax paid

(10,037)

(7,529)

Net cash flows from operating activities Cash flows from investing activities CASH WAS PROVIDED FROM: Sale of property, plant and equipment CASH WAS APPLIED TO: Purchase of property, plant and equipment Net cash flows from investing activities Cash flows from financing activities CASH WAS PROVIDED FROM: Drawdown of loan facility Purchase of intangible assets

47,636

48,971

E2

SUSTAINABILITY

56

7,231

AIRWAYS BOARD OF DIRECTORS

(26,272)

(29,212)

(20,152)

(16,762)

(46,368)

(38,743)

FINANCIALS

FINANCIAL PERFORMANCE

10,000

1,000

CASH WAS APPLIED TO: Payment of dividends

PERFORMANCE AND PROGRESS AGAINST SCI METRICS

(12,000)

(11,000)

Net cash flows from financing activities

(2,000)

(10,000)

Net increase in cash held

(732)

228

Cash at the beginning of the year

1,750

1,522

FINANCIAL STATEMENTS

Cash at the end of the year 1,750 Interest paid above excludes capitalised interest. Total interest paid for the year was $2.369 million (2018: $2.290 million). Amounts spent on the purchase of intangible assets during the year remain in work in progress (a component of property, plant and equipment) until the relevant asset is commissioned. This statement is to be read in conjunction with the Notes to the Financial Statements on pages 36 to 58. 1,018

EVA KEY PERFORMANCE INDICATORS

ADDITIONAL FINANCIAL INFORMATION

GOVERNANCE AT AIRWAYS

35

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