annual report 2011

IOOF | annual report 2011
38 Reconciliation of cash flows from operating activities
(a) Cash and cash equivalents
Consolidated Parent
2011 2010 2011 2010
$’000 $’000 $’000 $’000
Bank balances 152,999 132,780 45,959 617
(b) Reconciliation of cash flows from operating activities
Consolidated Parent
2011 2010 2011 2010
$’000 $’000 $’000 $’000
Profit for the period 100,779 80,785 131,328 66,747
Net profit contribution of insurance business 11 (171) - -
Net depreciation/impairment on property and
3,733 4,940 - -
equipment
Net amortisation of intangible assets 17,980 17,905 - -
(Profit)/loss on disposal of assets (492) (1,217) - (1,001)
Bad and doubtful debts - 74 - -
Interest received and receivable (8,836) (5,671) (2,502) (1,937)
Dividends received and receivable (1,960) (1,772) (129,911) (64,218)
Dividends received from associates 9,378 6,353 - -
Share of profits of associates accounted for using the
(9,201) (7,588) - -
equity method
Share-based payments expense 3,232 2,027 - -
Income tax benefit on disposal of treasury shares
recognised directly in equity
- (1,061) - -
Changes in net operating assets and liabilities:
(Increase)/decrease in receivables (5,175) 37,861 - 152
(Increase)/decrease in other assets (1,927) 2,515 - 11
(Increase)/decrease in current tax assets - - - 1,273
(Increase)/decrease in other financial assets 44 810 - -
(Increase)/decrease in deferred acquisition costs 4,775 - - -
Increase/(decrease) in payables 2,265 (64,133) 68 (683)
Increase/(decrease) in deferred revenue liabilities (4,084) - - -
Increase/(decrease) in provisions (5,131) (4,315) 175 (1,542)
Increase/(decrease) in income tax payable 9,015 25,054 (26,790) (12,005)
Increase/(decrease) in other financial liabilities (5,474) (2,326) - -
Increase/(decrease) in other liabilities 403 (1,843) - -
Increase/(decrease) in deferred taxes 12,862 4,454 13,890 8,320
Net cash provided by/(used in) operating activities 122,197 92,681 (13,742) (4,883)
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