95 / 164
Annual Report 2015 95
Consolidated statement of cash flows
For the year ended 30 June 2015
Notes
2015
$'000
Restated*
2014
$'000
Cash flows from operating activities
Receipts from customers (inclusive of goods and services tax)
527,425
418,790
Payments to suppliers and employees (inclusive of goods and services tax)
(300,592)
(257,100)
226,833
161,690
Interest and other costs of finance paid
(1,054)
(4,177)
Interest received
1,351
563
Exploration expenditure
(25,742)
(30,415)
Receipts from other operating activities
325
959
Net cash inflow from operating activities
29(a)
201,713
128,620
Cash flows from investing activities
Payments for property, plant and equipment
(16,602)
(8,935)
Proceeds from sale of property, plant and equipment
336
377
Dividends received
-
5
Payments for purchase of listed and unlisted investments
(13,085)
(75)
Payments for development expenditure
(44,118)
(76,101)
Payments for exploration and evaluation expenditure
(12,417)
(12,471)
Net cash (outflow) from investing activities
(85,886)
(97,200)
Cash flows from financing activities
Proceeds from borrowings
-
47,000
Repayment of borrowings
(25,000)
(32,000)
Transaction costs associated with borrowings
(142)
(82)
Repayment of finance lease liabilities
(3,497)
(6,030)
Payment of dividends
11
(25,768)
(9,333)
Net cash (outflow) from financing activities
(54,407)
(445)
Net increase in cash and cash equivalents
61,420
30,975
Cash and cash equivalents at the beginning of the financial year
56,972
27,215
Effects of exchange rate changes on cash and cash equivalents
2,904
(1,218)
Cash and cash equivalents at end of year
13
121,296
56,972
* Refer to note 3 for details about restatements for the voluntary change in accounting policy.
The above consolidated statement of cash flows should be read in conjunction with the accompanying notes.
Independence Group NL
31
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2015