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Consolidated Statement of Cash Flows

ASC PTY LTD
CONSOLIDATED STATEMENT OF CASH FLOWS
For the year ended 30 June 2019

Notes

June 2019 $'000

June 2018 $'000

Cash flows from operating activities

Receipts from customers (inclusive of goods and services tax)

846,482

877,524

Payments to suppliers and employees (inclusive of goods and services tax)

(876,253)

(817,093)

Income taxes paid

(14,284)

(18,049)

Net cash (outflow) inflow from operating activities

22(a)

(44,055)

42,382

Cash flows from investing activities

Interest received

3,779

4,781

Payments for property, plant and equipment

10(c)

(4,325)

(7,409)

Proceeds from sale of property, plant and equipment

329

12,903

ASC Shipbuilding cash transferred at separation

(25,523)

-

Net cash (outflow) inflow from investing activities

(25,740)

10,275

Cash flows from financing activities

Dividends paid

(27,000)

(16,000)

Proceeds from issues of shares and other equity securities

11,000

11,000

Proceeds from borrowings

22(b)

64,546

32,763

Repayment of borrowings

22(b)

(90,851)

(32,000)

Interest paid

(546)

(802)

Net cash (outflow) from financing activities

(42,851)

(5,039)

Net (decrease) increase in cash and cash equivalents

(112,646)

47,618

Cash and cash equivalents at the beginning of the financial year

315,427

267,799

Effects of exchange rate changes on cash and cash equivalents

1,324

10

Cash and cash equivalents at end of year

9(a)

204,105

315,427

The above Consolidated Statement of Cash Flows should be read in conjunction with the accompanying notes.