54 / 100
Consolidated
Notes
2015
$’000
2014
$’000
Cash flows from operating activities
Receipts from customers
80,437
70,434
Proceeds from settlement
13,500
11,000
Payments to suppliers and employees
(52,363)
(43,881)
Payments to grant recipients
(19,160)
(5,806)
Interest received
7,655
6,526
Interest paid
(17,124)
(13,594)
Net cash generated from operating activities
12,945
24,679
Cash flows from investing activities
Payments for other financial assets (investment in listed companies)
(7,190)
-
Payments for other financial assets (investment in unlisted companies)
(593)
(3,917)
Receipts from sales of other financial assets
-
108
Dividends received from investments in other financial assets
896
240
Payments for investment in joint venture – Go Bus and Waikato Milking Systems
(25,570)
(13,059)
Receipts from joint ventures dividends
2,173
-
Amounts paid to related parties
(1,214)
(821)
Payments for property, plant and equipment
(3,521)
(2,414)
Payments for intangible assets
(259)
(251)
Payments for investment properties
(14,200)
(10,769)
Proceeds from sale of investment properties
1,350
2,984
Payment for investment in subsidiary (investment in hotels)
(16,000)
-
Net cash used in investing activities
(64,128)
(27,899)
Cash flows from financing activities
Proceeds from borrowings
56,672
21,281
Repayment of borrowings
-
(5,742)
Acquisition of subsidiary net cash acquired
25
-
2,293
Net cash generated from financing activities
56,672
17,832
Net increase in cash and cash equivalents
5,489
14,612
Cash and cash equivalents at the beginning of the year
171,470
156,858
Cash and cash equivalents at end of the year
176,959
171,470
These financial statements should be read in conjunction with the accompanying notes.
waikato raupatu lands trust
statement of cash flows
f o r t h e y e a r e n d e d 3 1 m a r c h 2 0 1 5
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