Cash Flows for the year ended 30 June
2023 $M
2022 $M
NOTE
CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers
1,409.8
1,347.2
5.8
Interest received
3.7
(713.6) (164.9)
Payments to suppliers and employees
(686.9) (125.1)
Interest paid
(20.0)
Income tax paid
(20.1)
Net cash flows from/(used in) operating activities
517.1
24.1
518.8
CASH FLOWS FROM INVESTING ACTIVITIES Proceeds from sale of PPE and software intangibles
0.9
1.7
(601.5)
Purchase and construction of PPE
(510.6)
(37.5)
Purchase and development of software intangibles Proceeds from contingent consideration Proceeds from sale of discontinued operations Cash balance disposed in sale of discontinued operations
(48.2)
14.2
6 5 5
6.1
1,690.7
– –
(3.0)
1.7 0.3
Proceeds from sale of investment in associate
16.4
Other investing cash flows
0.2
Net cash flows from/(used in) investing activities
1,065.8
(534.4)
CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from borrowings
539.0
3 3 3
351.0
(1,425.5)
Repayment of borrowings
(150.0) (169.1)
(169.9)
Dividends paid
(12.0)
Lease liabilities payments
24.2
(11.2)
Net cash flows from/(used in) financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at beginning of the period Cash and cash equivalents at end of the period
(1,068.4)
20.7
514.5
5.1
22.5
17.4 22.5
537.0
Cash and cash equivalents comprise: Bank balances and on-call deposits
89.9
20.0
447.1 537.0
Short-term deposits
2.5
22.5
Discontinued operations The cash flows above reflect the entire Vector group cash flows for the year ended 30 June 2023. Refer to note 5 for separately disclosed cash flows from discontinued operations.
60
Vector Annual Report 2023
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