Corporate Report for the year ended 30 June 2022
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Section A: Group financial statements for the year ended 30 June 2022
Section A: Group financial statements for the year ended 30 June 2022
Transurban Holdings Limited Consolidated statement of cash flows for the year ended 30 June 2022
2022
2021
Note
$M
$M
Cash flows from operating activities Receipts from customers Payments to suppliers and employees
2,540
2,529
(952)
(883)
Payments for maintenance of intangible assets
(97) (13)
(88) (30)
Transaction and integration costs
Other cash receipts Interest received
220
166
13
13
Interest paid
(700)
(800)
Income taxes paid
(29)
(14)
Net cash inflow from operating activities
982
893
(a)
Cash flows from investing activities Payments for financial assets at amortised cost Repayment of financial assets at amortised cost Capital contribution to equity accounted investments
(716)
(29)
215
61
(5,132)
(115) (926) (119)
Payments for intangible assets
(517)
Payments for property, plant and equipment
(96)
Distributions received from equity accounted investments Proceeds from disposal of subsidiaries, net of cash disposed Income taxes paid related to the disposal of subsidiaries Net cash (outflow)/inflow from investing activities
492
446
B24 B24
—
2,343
(178)
—
(5,932)
1,661
Cash flows from financing activities Proceeds from equity issues of stapled securities (net of costs)
4,143
—
Proceeds from borrowings (net of costs)
(b) (b)
811 165
2,864
Net proceeds from loan facilities Principal repayment of leases
74
B31
(10)
(10)
Repayment of borrowings
(b)
(1,443)
(2,596)
Dividends and distributions paid to the Group's security holders Distributions paid to non-controlling interests Net cash inflow/(outflow) from financing activities
B10 B10
(942)
(818)
(73)
(90)
2,651
(576)
Net (decrease)/increase in cash and cash equivalents
(2,299)
1,978
Cash and cash equivalents at the beginning of the year Effects of exchange rate changes on cash and cash equivalents
4,285
2,349
34
(42)
Cash and cash equivalents at end of the year
2,020
4,285
B8
Refer to Note B24 for cash flows from discontinued operations.
(a)Reconciliation of profit/(loss) after income tax to net cash inflow from operating activities
16
Profit for the year from continuing and discontinued operations
3,272 1,161
1,107
Depreciation and amortisation
—
Gain on disposal of interest in Transurban Chesapeake (TC) Non-cash employee benefit expense—share based payments
(3,751)
8
6
(238)
Non-cash net finance (income)/costs
241 161
368
Share of loss of equity accounted investments
B25 B15
Non-cash road operating costs—Power Purchase Agreements 1
(14)
—
Change in operating assets and liabilities: Increase in trade and other receivables Increase in concession and promissory note liability Increase in operating creditors and accruals Decrease in other operating provisions Movement in deferred and current taxes Increase in maintenance provision Net cash inflow from operating activities
(11)
(66)
7
32 11
24
(30)
(8)
(305)
(227)
50
61
982
893
1. Relates to fair value movements in the Group's 'contract for difference' derivative financial instruments relating to its Power Purchase Agreements, which are recorded on the balance sheet at their fair values with movements recorded in the profit and loss (refer to Note B15).
The above consolidated statement of cash flows should be read in conjunction with the accompanying notes. 126
126
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