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.
Visit
https://www.transparency.gov.au/annual-reports/nbn-co-limited/reporting-year/2019-20-26