NOTES TO THE FINANCIAL STATEMENTS continued
21. Cash flows:// CONTINUED
21.2 Reconciliation of movement of liabilities to cash flows arising from financing activities
Reconciliation of movement of liabilities to cash flows arising from financing activities
FINANCE LEASES BORROWINGS DERIVATIVES
TOTAL
As at 1 July 2017 Net draw downs
0.8
2,170.4
125.1
2,296.3
–
170.8
– – –
170.8
Other financing cash flows
(0.4) (0.4)
(1.7)
(2.1)
Financing cash flows Fair value changes Premium received Borrowing fees paid
169.1
168.7
–
49.3
(64.7)
(15.4)
5.1
5.1
– –
(3.7)
– – –
(3.7)
Amortisation of debt raising costs
5.1
5.1 0.1
New finance leases As at 30 June 2018
0.1 0.5
–
2,395.3
60.4
2,456.2
New accounting standard adopted
The group has adopted the disclosure requirements in Disclosure Initiative (Amendments to IAS 7) . The table above provides an explanation of changes in the group’s liabilities for which cash flows have been classified as financing activities in the cash flow statement.
21.3 Cash and cash equivalents
Policies
Cash and cash equivalents are carried at amortised cost less an allowance for expected credit losses. Cash and cash equivalents includes deposits that are on call.
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