Page 55 - Suncorp_Review

Suncorp Group Limited Annual Report 2010/11 53

CONSOLIDATED

2011 2010 Note $m $m

Cash fows from operating activities

Premiums received 8,672 8,388 Claims paid (7,680) (6,518) Interest received 5,033 4,759 Interest paid (3,483) (3,143) Reinsurance and other recoveries received 2,128 1,387 Outwards reinsurance premiums paid (1,082) (824) Other operating income received 969 997 Dividends received 279 52 Operating expenses paid (3,832) (3,739) Income tax paid (176) (381)

Net decrease (increase) in operating assets

Trading securities 3,278 (1,550) Banking loans, advances and other receivables 2,188 2,684

Net increase (decrease) in operating liabilities

Deposits and short-term borrowings 4,760 (3,774) Net cash from (used in) operating activities 24 11,054 (1,662)

Cash fows from investing activities

Proceeds from sale of investment securities 25,555 25,584 Payments for purchase of investment securities (28,219) (26,064) Proceeds from other investing activities 102 485 Payments for other investing activities (164) (175) Net cash (used in) investing activities (2,726) (170)

Cash fows from fnancing activities

Net (decrease) increase in borrowings (6,945) 1,134 Payment on call of subordinated notes (524) (326) Dividends paid on ordinary shares (403) (245) Payments for reset preference share redemption (42) – Payments for other fnancing activities (19) (21) Net cash (used in) from fnancing activities (7,933) 542 Net increase (decrease) in cash and cash equivalents 395 (1,290) Cash and cash equivalents at the beginning of the fnancial year 1,087 2,445 Cash balances disposed during the fnancial year 28 (16) (68) Cash and cash equivalents at the end of the fnancial year 24.2 1,466 1,087

The consolidated statement of cash fows is to be read in conjunction with the accompanying notes.

for the year ended 30 June 2011

Consolidated statement of cash fows