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C1. Cash and cash equivalents

NBN Co Group

30 June 2020

30 June 2019

$m

$m

Cash at bank

344

520

Total

344

520

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 2020

30 June 2019

For the year ended

$m

$m

Loss for the year

(5,239)

(4,878)

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

Depreciation and amortisation

3,154

2,614

Finance charges

1,480

1,003

Other items

(98)

(24)

Income tax expense/(benefit)

1

(1)

Increase in operating assets

Increase in trade and other receivables

(68)

(117)

Decrease/(Increase) in inventories

39

(3)

Increase in other assets

(23)

(2)

Increase/(Decrease) in operating liabilities

(Decrease)/Increase in trade and other payables

(150)

253

Increase in provisions

52

40

Net cash used in operating activities

(852)

(1,115)

Amounts recognised in the statement of cash flows

The total cash outflow for leases during the year ended 30 June 2020 was $800 million.