49
FLEXIGROUP LIMITED FINANCIAL REPORT 2011
FOR THE YEAR ENDED 30 JUNE 2011
Consolidated Statement
of Cash Flows
Consolidated
2011
2010
Notes
$’000
$’000
Cash fows from operating activities
Lease rentals received *
385,826
387,040
Customer loan repayments received *
285,198
235,034
Bank interest received
4,928
4,244
Other portfolio income and rental asset disposal proceeds *
114,838
98,889
Payment to suppliers and employees *
(395,237)
(350,813)
Customer loans advanced
(321,513)
(254,890)
Borrowing costs
(52,134)
(51,240)
Net increase in borrowings
32,861
767
Loss reserve payments
14,425
(416)
Taxation received/(paid)
18,026
(15,232)
Net cash infow provided from operating activities
31
87,218
53,383
Cash fows from investing activities
Payments for purchase of software and plant and equipment
(8,794)
(6,417)
Net cash (outfow) from investing activities
(8,794)
(6,417)
Cash fows from fnancing activities
Dividends paid
(26,179)
(14,350)
Self funding of leases and loans
(71,030)
(49,120)
Share capital raised – net of transaction costs
–
38,872
Net cash (outfow) from fnancing activities
(97,209)
(24,598)
Net increase/(decrease) in cash and cash equivalents
(18,785)
22,368
Cash and cash equivalents at the beginning of the fnancial year
74,844
52,583
Efects of exchange rate changes on cash and cash equivalents
(65)
(107)
Cash and cash equivalents at end of year
7
55,994
74,844
Financing arrangements
22
* Inclusive of GST
The above consolidated statement of cash fows should be read in conjunction with the accompanying notes.