58 / 96
54
Consolidated
Note
2016
$’000
2015
$’000
Cash flows from operating activities
Receipts from customers
82,918
80,437
Proceeds from settlements
-
13,500
Payments to suppliers and employees
(52,425)
(52,363)
Payments to grant recipients
(10,038)
(19,160)
Interest received
6,549
7,655
Interest paid
(15,043)
(17,124)
Net cash flow from operating activities
11,961
12,945
Cash flows from investing activities
Payments for other financial assets (investment in listed companies)
(392)
(7,190)
Payments for other financial assets (investment in unlisted companies)
(2,386)
(593)
Dividends received from investments in other financial assets
14
1,299
896
Payments for contribution/investment in joint venture
26
(1,824)
(25,570)
Receipts from joint ventures dividends
26
2,526
2,173
Amounts paid to related parties
-
(1,214)
Payments for property, plant and equipment
16
(6,551)
(3,521)
Payments for intangible assets
15
(1,182)
(259)
Payments for investment properties
(1,828)
(14,200)
Proceeds from sale of investment properties
20,170
1,350
Payment for investment in Hamilton Riverview Hotel
-
(16,000)
Net cash flow from investing activities
9,832
(64,128)
Cash flows from financing activities
Proceeds from borrowings
-
56,672
Repayment of borrowings
(17,742)
-
Net cash flow generated from financing activities
(17,742)
56,672
Net increase in cash, cash equivalents, and bank overdrafts
4,051
5,489
Cash and bank overdrafts at the beginning of the year
176,959
171,470
Cash and bank overdrafts at the end of the year
181,010
176,959
WAIKATO RAUPATU LANDS TRUST
Statement of cash flows
FOR THE YEAR ENDED 31 MARCH 2016
These financial statements should be read in conjunction with the accompanying notes.