MIRVAC gRoup AnnuAl RepoRt 2012 - Mirvac - Mirvac Group

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ConsolIDAteD stAteMent of CAsH flows For the year ended 30 June 2012 44 mirvac group annual report 2012 2012 2011 Note $m $m cash flows from operating activities Receipts from customers (inclusive of goods and services tax) 1,918.9 1,842.8 Payments to suppliers and employees (inclusive of goods and services tax) (1,464.2) (1,443.3) 454.7 399.5 Interest received 23.6 32.1 Associates and joint ventures dividends/distributions received 26.2 18.5 Dividends/distributions received 4.8 0.3 Borrowing costs paid (192.3) (203.5) Income tax refund — 1.6 net cash inflows from operating activities 39(b) 317.0 248.5 cash flows from investing activities Payments for property, plant and equipment (8.4) (7.8) Proceeds from sale of property, plant and equipment 0.2 0.3 Payments for investment properties (91.8) (116.4) Proceeds from sale of investment properties 128.3 159.7 Payments for loans to related entities (31.7) (0.7) Proceeds from loans to related entities 51.0 — Payments for loans to unrelated entities (12.6) (10.1) Proceeds from loans to unrelated entities 16.5 12.6 Contributions to associates and joint ventures (83.6) (24.1) Proceeds from associates and joint ventures 20.9 70.1 Acquisition of controlled entities, net of cash acquired — (232.3) Cash impact of controlled entities leaving the Group (4.6) — Proceeds from sale of investments 23.4 17.3 Proceeds net of costs from sale of assets classified as held for sale (sale of hotel Management business and related assets) 275.9 — Payments for other intangible assets — (2.1) net cash inflows/(outflows) from investing activities 283.5 (133.5) cash flows from financing activities Proceeds from borrowings 776.6 2,862.6 Repayments of borrowings (1,693.0) (2,607.6) Dividends/distributions paid as part of business combination — (8.0) Dividends/distributions paid (280.2) (270.8) net cash outflows from financing activities (1,196.6) (23.8) Net (decrease)/increase in cash and cash equivalents (596.1) 91.2 Cash and cash equivalents at the beginning of the year 673.1 582.0 effects of exchange rate changes on cash and cash equivalents 0.3 (0.1) cash and cash equivalents at the end of the year 39(a) 77.3 673.1 The above consolidated statement of cash flows should be read in conjunction with the accompanying notes.
notes to tHe ConsolIDAteD fInAnCIAl stAteMents Note Contents Page 1 Summary of significant accounting policies 46 2 Critical accounting judgements and estimates 56 3 Segmental information 58 4 Revenue from continuing operations and other income 62 5 expenses 62 6 Income tax 63 7 earnings per stapled security 65 8 Receivables 66 9 Derivative financial assets 67 10 Inventories 67 11 other financial assets at fair value through profit or loss 68 12 other assets 68 13 Assets classified as held for sale and discontinued operations 69 14 Investments accounted for using the equity method 69 15 other financial assets 70 16 Investment properties 70 17 Property, plant and equipment 72 18 Intangible assets 73 19 Payables 74 20 Borrowings 75 21 Derivative financial liabilities 76 22 Provisions 77 23 other liabilities 77 24 Contributed equity 77 25 Reserves 78 26 Retained earnings 79 27 NCI 80 28 Dividends/distributions 80 29 Controlled entities and deed of cross guarantee 80 30 Investments in associates 86 31 Investments in joint ventures 88 32 Contingent liabilities 91 33 Commitments 91 34 KMP 92 35 employee benefits 95 36 Related parties 97 37 Financial risk management 98 38 Remuneration of auditors 103 39 Notes to the consolidated statement of cash flows 104 40 events occurring after the end of the year 105 41 Parent entity financial information 105 mirvac group annual report 2012 45
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