CQUniversity Annual Report - Central Queensland University

10Central Queensland Universityand Controlled EntitiesStatements of Cash Flowsfor the year ended 31 December 2012ConsolidatedParentNotes 2012 2011 2012 2011$'000 $'000 $'000 $'000Cash flows from operating activitiesAustralian Government Grants received 131,072 109,362 131,072 109,362HECS-HELP - Student payments 5,880 4,924 5,880 4,924OS-HELP (63) (5) (63) (5)Receipts from student fees and other customers 135,664 138,552 120,251 128,870Trust Distribution 9 705 9 1,506Dividends received - - - 219Interest received 1,738 3,673 1,169 2,932Payments to suppliers and employees (inclusive of goodsand services tax) (287,132) (266,204) (265,991) (257,453)Interest and other costs of finance paid (25) (25) (25) (25)Income taxes paid (378) (430) - -Net cash provided by/(used in) operating activities 40 (13,235) (9,447) (7,698) (9,670)Cash flows from investing activitiesProceeds from sale of property, plant and equipment 304 471 292 457Proceeds from sale of investment property - 7,623 - 7,623Proceeds from sale of financial assets 1,728 - 1,728 -Proceeds from drawdown of financial assets 7,800 - 7,800 -Proceeds from non-controlling interest 394 - - -Payments for financial assets - - (905) -Payments for property, plant and equipment (20,369) (31,485) (19,923) (32,381)Payments for Intangibles (2,661) (2,101) (2,638) (2,097)Net cash provided by/(used in) investing activities (12,804) (25,491) (13,646) (26,398)Net increase (decrease) in cash and cash equivalents (26,039) (34,939) (21,344) (36,068)Cash and cash equivalents at the beginning of the financialyear 44,286 79,225 29,511 65,579Effects of exchange rate changes on cash and cash equivalents 3 - 3 -Cash and cash equivalents at the end of the financial year 17 18,250 44,286 8,170 29,511The above Statements of Cash Flows should be read in conjunction with the accompanying notes.