Vector Annual Report 2021

VECTOR ANNUAL REPORT 2021 /

Financial Statements

Cash flows for the year ended 30 June

2021 $M

2020 $M

NOTE

CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers

1,268.9

1,312.9

2.9

Interest received

2.0

(626.3) (125.3)

Payments to suppliers and employees

(717.2) (134.0)

Interest paid

(21.1)

Income tax paid

(66.4)

Net cash flows from/(used in) operating activities

499.1

23.1

397.3

CASH FLOWS FROM INVESTING ACTIVITIES Proceeds from sale of PPE and software intangibles

0.2

0.5

(474.9)

Purchase and construction of PPE

(436.7)

(41.3)

Purchase and development of software intangibles

(39.7)

4.4 0.2

Proceeds from contingent consideration

Other investments

(0.3)

Net cash flows from/(used in) investing activities

(511.4)

(476.2)

CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from borrowings

530.0

3 3 3

797.1

(350.0) (165.8)

Repayment of borrowings

(541.6) (167.0)

Dividends paid

(11.0)

Lease liabilities payments

(8.9)

(1.8)

Redemption of preference shares from non-controlling interests Net cash flows from/(used in) financing activities Net increase/(decrease) in cash and cash equivalents

3

1.4

23.2

79.6

(10.9)

0.7

28.3 17.4

Cash and cash equivalents at beginning of the period Cash and cash equivalents at end of the period

27.6 28.3

Cash and cash equivalents comprise: Bank balances and on-call deposits

12.8

23.2

4.6

Short-term deposits

5.1

17.4

28.3

50

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