6 Reconciliation of profit for the period to net cash flows from operating activities
|
$million |
2019 |
Restated* 2018 |
|
|---|---|---|---|
|
Profit for the period |
332.2 |
267.5 |
|
|
Adjustments for: |
|||
|
Loss on sale of non-current assets |
- |
1.6 |
|
|
Depreciation and amortisation of non-current assets |
130.8 |
139.7 |
|
|
Changes in fair value of cash flow hedges and foreign exchange contracts recognised in equity |
(119.3) |
10.3 |
|
|
Remeasurement of defined benefit obligations recognised in equity |
(2.6) |
5.2 |
|
|
Change on initial application of AASB 9 recognised in equity |
(2.0) |
- |
|
|
Income tax expense recognised in equity |
37.3 |
(4.7) |
|
|
376.4 |
419.6 |
||
|
Changes in assets and liabilities: |
|||
|
(Increase)/ decrease in trade and other receivables |
(30.4) |
(46.0) |
|
|
(Increase)/ decrease in inventories |
(2.8) |
(0.3) |
|
|
(Increase)/ decrease in current other financial assets |
0.6 |
137.9 |
|
|
(Increase)/ decrease in other current assets |
(24.4) |
8.6 |
|
|
(Increase)/ decrease in non-current other financial assets |
(2.9) |
0.9 |
|
|
(Increase)/ decrease in deferred tax assets |
(26.2) |
(55.1) |
|
|
Increase/ (decrease) in trade and other payables |
21.7 |
35.1 |
|
|
Increase/ (decrease) in current provisions |
23.2 |
(10.3) |
|
|
Increase/ (decrease) in current other financial liabilities |
40.1 |
(45.1) |
|
|
Increase/ (decrease) in non-current provisions |
5.0 |
(5.7) |
|
|
Increase/ (decrease) in non-current other financial liabilities |
115.0 |
(1.9) |
|
|
Increase/ (decrease) in current tax liabilities |
(59.5) |
(8.4) |
|
|
Net cash flows from operating activities |
435.8 |
429.3 |
Visit
https://www.transparency.gov.au/annual-reports/snowy-hydro-limited/reporting-year/2018-2019-53