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C1 Cash and cash equivalents

NBN Co Group

30 June 2019

30 June 2018

$m

$m

Cash at bank

520

593

Total

520

593

For the purpose of presentation in the Statement of cash flows, cash and cash equivalents include cash on hand, deposits held at call with financial institutions and other short-term, highly liquid investments with original maturities of four months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of change in value.

Reconciliation of loss for the year to net cash used in operating activities

NBN Co Group

30 June 2019

30 June 2018

For the year ended

$m

$m

Loss for the year

(4,878)

(4,780)

Add/(less) non-cash/non-operating items

Depreciation and amortisation

2,614

2,167

Finance charges

1,003

606

Other items

(24)

(34)

Income tax (benefit)/expense

(1)

1

(Increase)/Decrease in operating assets

Increase in trade and other receivables

(117)

(70)

Increase in inventories

(3)

(4)

(Increase)/Decrease in other assets

(2)

16

Increase in operating liabilities

Increase in trade and other payables

253

24

Increase in provisions

40

2

Net cash used in operating activities

(1,115)

(2,072)