Vector Annual Report 2018

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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Vector://AR 18

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