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Financial Statements 2018
Reconciliation of net earnings to net cash from operating activities For the year ended 30 June 2018
Year ended June 2018 NZ$M
Year ended June 2017 NZ$M
Cash was received from: Net earnings/(loss)
(190)
94 11
11
Earnings attributable to non-controlling interests
(179)
105
Adjustment for items not involving cash: Depreciation, depletions, and amortisation
214 180
203 232
Significant items
(32)
Provisions and other adjustments
(66) (42) (13)
(181)
Taxation
(36)
Gain on disposal of businesses and property, plant and equipment
145
Non-cash adjustments
314 419
(34)
Cash flow from operations before net working capital movements
430 396
Net working capital movements Net cash from operating activities
(176)
243
Net working capital movements Debtors
(56) (58)
(103)
Inventories
(62) (99)
11
Land and developments
396 137 430
Contracts Creditors
74 14
(176)
The accompanying notes form part of and are to be read in conjunction with these financial statements.
58 Fletcher Building Limited Annual Report 2018
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