22. Cash Flow Information
a. Reconciliation of profit after income tax to net cash inflow from operating activities
June | June | |
Profit for the year | 22,557 | 30,272 |
Adjustment for: | ||
Depreciation and amortisation | 26,979 | 14,296 |
Pension costs | -85 | -389 |
Income tax expense | 9,683 | 12,857 |
Income tax paid | -5,831 | -14,283 |
Interest received | -1,762 | -3,629 |
Interest expense | 5,507 | 546 |
Doubtful debt expense | 976 | 877 |
(Profit)/loss on disposal of fixed assets | -52 | 72 |
SAFA loan revaluation | 130 | - |
Change in operating assets and liabilities: | ||
(Increase)/decrease in trade debtors | 55,034 | -19,907 |
(Increase)/decrease in inventories | 71 | 175 |
(Decrease)/increase in trade creditors | -41,476 | 6,665 |
(Decrease)/increase in other provisions | 10,856 | -7,216 |
(Increase)/decrease in prepayments | -2,547 | 1,665 |
(Decrease)/increase in contract liabilities | -34,891 | -56,515 |
(Increase)/decrease in contract assets | -9,666 | -9,541 |
Net cash inflow (outflow) from operating activities | 35,483 | -44,055 |
b. Net debt reconciliation
This section sets out an analysis of net debt and the movements in net debt for each of the periods presented.
Interest bearing liabilities | Lease | Non-interest bearing liabilities | Total | |
$'000 | $'000 | $'000 | $'000 | |
Balance at 1 July 2018 | 90,770 | - | 3 | 90,773 |
Net financing cash flows1 | -26,305 | - | - | -26,305 |
Non-cash changes: | ||||
Effects of changes in exchange rates | 1,323 | - | - | 1,323 |
Other | - | - | - | - |
Balance at 30 June 2019 | 65,788 | - | 3 | 65,791 |
Balance at 1 July 2019 | 65,788 | - | 3 | 65,791 |
Recognised on adoption of AASB 16 | - | 152,852 | 152,852 | |
Net financing cash flows1 | 92 | -13,003 | - | -12,911 |
Non-cash changes: | ||||
Effects of changes in exchange rates | 74 | - | - | 74 |
Other | - | - | 131 | 131 |
Balance at 30 June 2020 | 65,954 | 139,849 | 134 | 205,937 |
1 Financing cash flows consist of the net amount of proceeds from borrowings and repayment of borrowings in the statement of cash flows.
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https://www.transparency.gov.au/annual-reports/asc-pty-ltd/reporting-year/2019-20-37