Statement of cash flows
NBN Co Group | |||
30 June 2020 | 30 June 2019 | ||
For the year ended | Notes | $m | $m |
Cash flows from operating activities | |||
Receipts from customers | 4,103 | 3,037 | |
Payments to suppliers and employees | (4,962) | (4,162) | |
Interest received | 7 | 10 | |
Net cash used in operating activities | (852) | (1,115) | |
Cash flows from investing activities | |||
Payments for property, plant and equipment | (4,870) | (5,247) | |
Payments for intangible assets | (410) | (496) | |
Net cash used in investing activities | (5,280) | (5,743) | |
Cash flows from financing activities | |||
Principal repayment of lease liabilities | (148) | (38) | |
Interest paid on lease liabilities | (652) | (347) | |
Proceeds from borrowings | 7,405 | 7,522 | |
Interest paid on borrowings | (649) | (352) | |
Net cash provided by financing activities | 5,956 | 6,785 | |
Net decrease in cash and cash equivalents | (176) | (73) | |
Cash and cash equivalents at the beginning of the year | 520 | 593 | |
Cash and cash equivalents at the end of the year | 344 | 520 | |
The above statement should be read in conjunction with the accompanying notes. | |||
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https://www.transparency.gov.au/annual-reports/nbn-co-limited/reporting-year/2019-20-19