SANFL 2006 Annual Report

S A N F L A N N U A L R E P O R T 2 0 0 6STATEMENTS OF CASH FLOWSFOR THE YEAR ENDED 31 OCTOBER 2006Consolidated EntitySANFL Inc2006 2005 2006 2005$ $ $ $CASH FLOWS FROM OPERATING ACTIVITIESCash receipts in the course of operations 86,457,715 69,793,681 27,672,246 26,273,628Cash payments in the course of operations (75,197,342) (62,832,649) (20,287,928) (19,196,627)Interest received 797,081 531,803 286,036 105,740Borrowing costs paid (1,664,054) (1,890,987) (1,414,848) (1,682,526)NET CASH FROM OPERATING ACTIVITIES 10,393,400 5,601,848 6,255,506 5,500,215CASH FLOWS FROM INVESTING ACTIVITIESProceeds on disposal of property, plant and equipment 23,420 147,948 22,500 132,500Payments for property, plant and equipment (4,616,813) (1,365,321) (3,401,222) (485,543)NET CASH (USED IN) INVESTING ACTIVITIES (4,593,393) (1,217,373) (3,378,722) (353,043)CASH FLOWS FROM FINANCING ACTIVITIESSA Government grandstand grant 6,624,000 828,000 6,624,000 828,000SA Government video screen and security grant 5,500,000 - 5,500,000 -AFL grandstand grant 100,000 100,000 100,000 100,000Club football development grants (3,708,000) (3,600,000) (3,708,000) (3,600,000)Proceeds from borrowings 1,160,384 530,937 55,000 340,000Repayment of borrowings (4,655,189) (2,828,433) (4,179,350) (2,274,233)Net cash from/(used in) financing activities 5,021,195 (4,969,496) 4,391,650 (4,606,233)Net increase/(decrease) in cash and cash equivalents 10,821,202 (585,021) 7,268,434 540,939Cash and cash equivalents at 1 November 6,555,927 7,140,948 3,811,809 3,270,870Cash and cash equivalents at 31 October 17,377,129 6,555,927 11,080,243 3,811,80929