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Consolidated Statement of Cash Flows

For the year ended 30 June 2019

Notes

2019

$'000

2018

$'000

Operating activities

Receipts from customers

-

3,655

Payments to suppliers

(8,993)

(6,659)

Payments to employees

(3,209)

(2,065)

Interest received

1,065

668

Net cash flows used in operating activities

19

(11,137)

4,401)

Investing activities

Payments for property, plant and equipment

(16)

(27)

Payments for intangible assets

(89)

-

Payments for land and site costs

(138,772)

(51,361)

Payments for investments

(1,915)

(3,692)

Net cash flows used in investing activities

(140,792)

(55,080)

Financing activities

Proceeds from equity funding

174,733

95,000

Net cash flows from financing activities

174,733

95,000

Net increase in cash and cash equivalents

22,804

35,519

Cash and cash equivalents at beginning of year

60,578

25,059

Cash and cash equivalents at 30 June

6

83,382

60,578