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Statement of cash flows

for the financial year ended 30 June 2019

Notes

Year ended
30 June 2019
$’000

Year ended
30 June 2018
$’000

CASH FLOWS FROM OPERATING ACTIVITIES

Proceeds from sale of financial instruments at fair value through profit or loss

122,555,198

130,781,920

Purchase of financial instruments at fair value through profit or loss

(128,016,348)

(134,172,418)

Interest received

57,237

27,839

Dividends received

4,891,472

3,099,768

Distributions received

1,093,576

626,425

Franking credit refunds received

952,916

835,678

Net settlement of foreign exchange contracts

(1,816,670)

(244,199)

GST refund received

2,936

5,052

Other income received

4,200

3,206

Investment management fees and advisory fees paid

(86,555)

(114,630)

Investment manager performance fees paid

(7,187)

(32,671)

Custody fees paid

(14,309)

(13,795)

Brokerage, duties and other statutory charges paid

(37,970)

(70,374)

Taxes paid

(65,180)

(53,391)

Other expenses paid

(110,520)

(88,564)

Net cash (used in)/provided by operating activities

13

(597,204)

589,846

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of plant and equipment and software

(1,603)

(3,072)

Net cash used in investing activities

(1,603)

(3,072)

Net (decrease)/increase in cash held

(598,807)

586,774

Cash at the beginning of the reporting period

2,418,038

1,785,174

Effects of exchange rate changes on the balance of cash held in foreign currencies

(38,124)

46,090

Cash at the end of the reporting period

13

1,781,107

2,418,038

The above statement should be read in conjunction with the accompanying notes.