Aeris Annual Report 2022

Aeris Resources Limited
Consolidated statement of cash flows
For the year ended 30 June 2022
Note 2022 2021
$'000 $'000
Cash flows from operating activities
Receipts from customers 393,184 434,879
Payments to suppliers and employees (297,313) (257,443)
Interest and other finance costs paid (2,871) (7,786)
Net cash from operating activities 34 93,000 169,650
Cash flows from investing activities
Payment for purchase of business, net of cash acquired - (55,789)
Deferred consideration and stamp duty paid on Lion Mining Pty Ltd acquisition (18,813) -
Payments for investments (433) (1,000)
Payments for property, plant and equipment and mine properties (95,056) (80,477)
Payments for exploration expenditure (22,377) (7,449)
Payments for cash backed security deposits - (8,714)
Proceeds from release of security deposits 6 20,776 -
Proceeds from disposal of investments 2,977 -
Proceeds from disposal of property, plant and equipment and mine properties - 3
Net cash used in investing activities (112,926) (153,426)
Cash flows from financing activities
Proceeds from issue of shares - net of transaction costs 95,022 50,359
Proceeds from borrowings - 30,000
Repayment of borrowings 34 (27,611) (48,933)
Repayment of lease liabilities 34 (6,510) (4,422)
Net cash from financing activities 60,901 27,004
Net increase in cash and cash equivalents 40,975 43,228
Cash and cash equivalents at the beginning of the financial year 97,396 54,303
Effects of exchange rate changes on cash and cash equivalents (321) (135)
Cash and cash equivalents at the end of the financial year 5 138,050 97,396
The above consolidated statement of cash flows should be read in conjunction with the accompanying notes
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ADVANCING AERIS
81