2004-05 Annual Report - Australia Post

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
36. NOTES TO THE STATEMENT OF CASH FLOWS (CONT.)
FOR THE YEAR ENDED 30 JUNE 2005
(b) Reconciliation of net profit after income tax to net cash provided from activities
Consolidated Corporation
Net profit after income tax 374.9 371.1 381.6 368.2
Depreciation and amortisation 184.9 204.1 181.5 202.5
Share of profits of associates not
received as dividend
2005
$m
2004
$m
2005
$m
2004
$m
9.6 (5.6) 0.0 0.0
(Increase)/decrease in debtors (17.0) 12.6 (23.3) 12.6
(Increase)/decrease in inventories (8.2) (8.3) (8.2) (8.3)
(Increase)/decrease in interest receivable (0.2) (0.6) (0.2) (0.6)
(Increase)/decrease in other current assets 7.1 (7.6) 7.2 (7.0)
(Increase)/decrease in future income tax benefit (5.3) 9.8 (5.3) 9.0
Increase/(decrease) in creditors and other payables (18.8) (82.5) (9.2) (84.4)
Increase/(decrease) in accrued interest expenditure 4.0 5.7 12.1 5.7
Increase/(decrease) in advance receipts 1.1 9.6 1.4 9.2
Increase/(decrease) in employee entitlements 44.8 (27.7) 42.6 (28.5)
Increase/(decrease) in income tax payable (9.2) (23.6) (9.8) (23.6)
Increase/(decrease) in deferred income tax (3.9) (15.6) (3.9) (15.5)
Net (gains)/losses from sales of
property, plant and equipment
(11.9) (8.4) (12.8) (8.4)
177.0 61.9 172.1 62.7
Net cash from operating activities 551.9 433.0 553.7 430.9
Loan facilities
Fully drawn loan facilities of $530.0 million (2004, $530.0 million) and $1.8 million (2004, $0.0 million), hire
purchase and finance leases were held at 30 June 2005 (refer note 19).
Australia Post Annual Report 2004/05 Financial and Statutory Reports Notes to and forming part of the financial statements
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