2009-10 Annual Report - Australia Post
2009-10 Annual Report - Australia Post
2009-10 Annual Report - Australia Post
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
notes to And ForminG PArt oF the FinAnCiAl rePort For the year ended 30 June 20<strong>10</strong><br />
31 Notes to the cashflow statement<br />
(a) reconciliation of cash and cash equivalents<br />
For the purposes of the cashflow statement, cash and cash equivalents includes cash on hand and in banks, promissory notes and floating rate notes.<br />
cash and cash equivalents on hand at the end of the period as shown in the cashflow statement are reconciled to the related items in the balance<br />
sheet as follows:<br />
cash on hand<br />
promissory notes (1)<br />
96<br />
AustrAliA <strong>Post</strong> AnnuAl rePort <strong>2009</strong>–<strong>10</strong> | Financial and statutory reports<br />
20<strong>10</strong><br />
$m<br />
447.1<br />
53.6<br />
consolidated corporation<br />
<strong>2009</strong><br />
$m<br />
405.5<br />
<strong>10</strong>1.5<br />
20<strong>10</strong><br />
$m<br />
435.2<br />
53.6<br />
total cash and cash equivalents 500.7 507.0 488.8 496.2<br />
(1) there are no (<strong>2009</strong>: $nil) promissory notes that are past due or impaired.<br />
(b) reconciliation of net profit after tax to net cash provided by operating activities<br />
20<strong>10</strong><br />
$m<br />
<strong>2009</strong><br />
$m<br />
394.7<br />
<strong>10</strong>1.5<br />
consolidated corporation<br />
net profit for the period 89.5 260.5 81.6 245.4<br />
depreciation and amortisation<br />
changes in jointly controlled entities not received as dividends<br />
net revaluation loss on investment property<br />
Write-down of goodwill/investment<br />
Write-down of plant and equipment/intangibles<br />
Write-down of receivables/related party loan<br />
net gain from sales of property, plant and equipment<br />
244.3 223.2 262.3 250.7<br />
Changes in assets and liabilities adjusted for the acquisition of businesses<br />
(increase)/decrease in debtors<br />
25.6 (50.3)<br />
16.8 (49.0)<br />
(increase)/decrease in inventories<br />
6.0 (0.9)<br />
6.0 (0.9)<br />
(increase)/decrease in interest receivable<br />
0.3 1.2<br />
0.3 1.2<br />
(increase)/decrease in other current assets<br />
(15.0) (1.4)<br />
(14.0) (2.0)<br />
(increase)/decrease in deferred income tax asset<br />
(21.9) (27.5)<br />
(21.1) (24.7)<br />
increase/(decrease) in creditors and other payables<br />
(54.8) (39.7)<br />
(52.4) (47.2)<br />
increase/(decrease) in accrued interest expenditure<br />
2.5 (5.2)<br />
2.5 (5.2)<br />
increase/(decrease) in advance receipts<br />
12.6 2.7<br />
13.1 2.3<br />
increase/(decrease) in employee entitlements<br />
121.7 66.4<br />
119.3 65.6<br />
increase/(decrease) in income tax payable<br />
(21.0) (23.3)<br />
(20.9) (23.2)<br />
increase/(decrease) in deferred income tax liability<br />
(18.9) 28.6<br />
(18.6) 29.5<br />
281.4 173.8 293.3 197.1<br />
net cash from operating activities 370.9 434.3 374.9 442.5<br />
loan facilities<br />
Fully drawn loan facilities of $555.0 million (<strong>2009</strong>: $555.0 million) and $0.1 million (<strong>2009</strong>: $0.3 million) hire purchase and finance leases were held<br />
at 30 June 20<strong>10</strong> (refer note 19).<br />
213.5<br />
(0.4)<br />
–<br />
20.8<br />
26.8<br />
1.5<br />
(17.9)<br />
<strong>2009</strong><br />
$m<br />
207.4<br />
4.3<br />
18.8<br />
24.4<br />
–<br />
0.8<br />
(32.5)<br />
20<strong>10</strong><br />
$m<br />
206.4<br />
–<br />
–<br />
35.8<br />
23.6<br />
14.6<br />
(18.1)<br />
<strong>2009</strong><br />
$m<br />
198.5<br />
–<br />
18.8<br />
49.4<br />
–<br />
17.9<br />
(33.9)
Change language