Abacus Property Group – Annual Financial Report 2018
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ABACUS PROPERTY GROUP<br />
CONSOLIDATED STATEMENT OF CASH FLOW<br />
YEAR ENDED 30 JUNE <strong>2018</strong><br />
<strong>2018</strong> 2017<br />
Notes $'000 $'000<br />
CASH FLOWS FROM OPERATING ACTIVITIES<br />
Income receipts 390,428 289,763<br />
Interest received 939 1,329<br />
Income tax paid (8,067) (2,944)<br />
Finance costs paid (28,571) (35,409)<br />
Operating payments (107,465) (102,757)<br />
Payments for inventory costs (52,998) (33,772)<br />
NET CASH FLOWS FROM OPERATING ACTIVITIES 9 194,266 116,210<br />
CASH FLOWS FROM INVESTING ACTIVITIES<br />
Payments for investments and funds advanced (65,727) (92,770)<br />
Proceeds from sale and settlement of investments and funds repaid 126,590 153,354<br />
Purchase of property, plant and equipment (2,105) (1,100)<br />
Disposal of property, plant and equipment 2,089 72,698<br />
Purchase of investment properties (346,821) (141,049)<br />
Disposal of investment properties 58,050 182,070<br />
Payment for other investments (3,860) (2,124)<br />
NET CASH FLOWS FROM / (USED IN) INVESTING ACTIVITIES (231,784) 171,079<br />
CASH FLOWS FROM FINANCING ACTIVITIES<br />
Proceeds from issue of stapled securities - 17,550<br />
Return of capital (42) (4,213)<br />
Payment of issue / finance costs (1,734) (1,436)<br />
Repayment of borrowings (63,685) (260,130)<br />
Proceeds from borrowings 243,794 37,152<br />
Distributions paid (93,745) (63,767)<br />
NET CASH FLOWS (USED IN) / FROM FINANCING ACTIVITIES 84,588 (274,844)<br />
NET INCREASE IN CASH AND CASH EQUIVALENTS 47,070 12,445<br />
Net foreign exchange differences (81) 30<br />
Cash and cash equivalents at beginning of year 56,267 43,792<br />
CASH AND CASH EQUIVALENTS AT END OF YEAR 9 103,256 56,267<br />
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