Consolidated Statement of Cash Flows
for the year ended 30 June 2020
2020 | 2019 | ||
|---|---|---|---|
Notes | $ | $ | |
OPERATING ACTIVITIES | |||
Cash received | |||
Receipts from customers | 18,953,652 | 21,180,061 | |
Grants received | 97,296 | 247,500 | |
Total cash received | 19,050,948 | 21,427,561 | |
Cash used | |||
Payments to suppliers and employees | (19,913,196) | (21,219,045) | |
Income taxes paid | (83,832) | - | |
Interest payments on lease liabilities | (83,426) | - | |
Total cash used | {20,080,454} | {21,219,045} | |
Net cash (used in)lfrom operating activities | 10A | (1,029,506) | 208,516 |
INVESTING ACTIVITIES | |||
Cash received | |||
Proceeds from sales of property, plant and equipment | 143,976 | 407,952 | |
Proceeds from disposal of assets classified as held for sale | 554,041 | - | |
Amounts received from stores under commercial loans | 821,560 | 233,250 | |
Bond deposits received | 523,415 | 12,718 | |
Distributions received on managed investments | 547,278 | - | |
Interest received | 312,254 | 867,959 | |
Net cash from investing activities | 2,902,524 | 1,521,879 | |
Cash used | |||
Payments for property, plant and equipment | 7A | (372,761) | (595,980) |
Investment in managed funds | (2,599,837) | (10,750,000) | |
Investment in fixed term deposits | (18,835,000) | - | |
Underpinning payments for stores and other grants | (1,294,556) | (2,832,628) | |
Payments to stores under commercial loans | (59,850) | (240,046) | |
Total cash used | (23,162,004) | (14,418,654) | |
Net cash used in investing activities | (20,259,480) | (12,896,775) | |
FINANCING ACTIVITIES | |||
Cash used | |||
Principal payments of lease liabilities | (136,148) | - | |
Total cash used | (136,148) | - | |
Net cash used in financing activity | (136,148) | - | |
Net decrease in cash and cash equivalents | (21,425,134) | (12,688,259) | |
Cash and cash equivalents at the beginning of the year | 35,114,732 | 47,943,291 | |
Cash and cash equivalents at the end of the year | 13,689,598 | 35,255,032 | |
Less : Cash and cash equivalents relating to discontinued operations | 18 | (1) | (140,300) |
Cash and cash equivalents at the end of the year from continuing operations | 6A | 13,689,597 | 35,114,732 |
The above statement should be read in conjunction with the accompanying notes.
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https://www.transparency.gov.au/annual-reports/outback-stores-pty-ltd/reporting-year/2019-20-24