Vector Annual Report 2018

CASH FLOWS for the year ended 30 June

2018 $M

2017 $M

NOTE

CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers

1,312.2

1,224.2

Interest received Dividends received

2.0 0.5

9.0 2.0

Payments to suppliers and employees

(736.5) (127.0)

(686.6) (151.7)

Interest paid

Income tax refunded

0.9

Income tax paid

(61.3)

(62.1)

Net cash flows from/(used in) operating activities

389.9

21.1

335.7

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

0.4 7.8

0.4

Proceeds from sale of investments

3

Purchase and construction of PPE and software intangibles

(386.8)

(354.3)

Acquisition of businesses

(1.7) (1.4)

3

(91.0)

Post-completion payment for acquisition of businesses

– –

Other investments

(14.0)

3

Net cash flows from/(used in) investing activities

(395.7)

(444.9)

CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from borrowings

570.8

21.2 21.2

239.6

Repayment of borrowings

(400.0) (163.9)

(273.2) (161.0)

Dividends paid

Sale of treasury shares Other financing cash flows

14.0

(2.1)

21.2 21.2

(2.7)

Net cash flows from/(used in) financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at beginning of the period Cash and cash equivalents at end of the period

18.8 13.0 14.9 27.9

(197.3) (306.5)

321.4

14.9

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

19.6

21.3 21.3

7.0 7.9

Short-term deposits

8.3

27.9

14.9

68

Vector://AR 18

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