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Statement of cash flows

NBN Co Group

30 June 2019

30 June 2018

For the year ended

Notes

$m

$m

Cash flows from operating activities

Receipts from customers

3,037

2,128

Payments to suppliers and employees

(4,162)

(4,220)

Interest received

10

20

Net cash used in operating activities

C1

(1,115)

(2,072)

Cash flows from investing activities

Receipts from term deposit facilities

-

140

Payments for property, plant and equipment

(5,247)

(5,222)

Payments for intangible assets

(496)

(636)

Net cash used in investing activities

(5,743)

(5,718)

Cash flows from financing activities

Payments for finance leases and right of use licences

(385)

(297)

Proceeds from borrowings

E2 & H6

7,522

5,531

Interest paid on borrowings

C8

(352)

(70)

Equity injection for ordinary shares by the Commonwealth of Australia

E1

-

2,035

Net cash provided by financing activities

6,785

7,199

Net decrease in cash and cash equivalents

(73)

(591)

Cash and cash equivalents at the beginning of the year

593

1,184

Cash and cash equivalents at the end of the year

C1

520

593

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