Consolidated statement of cash flows
for the year ended 30 June 2010
C onsolidated
N ote 2010 2009
$’000 $’000
Cash flows from operating activities
Receipts from customers1 3,324,818 3,578,999
Payments to suppliers, subcontractors and employees1 (3,167,027) (3,396,320)
157,791 182,679
Dividends, distributions and net cash contributions from associates and
joint venture entities and partnerships 80,427 67,098
Finance income 1,690 3,218
Finance costs (25,514) (47,429)
Income taxes refunded/(paid) 10,641 (31,346)
Net cash inflow from operating activities 34 225,035 174,220
Cash flows from investing activities
Payments for property, plant and equipment (36,677) (52,157)
Proceeds from sale of property, plant and equipment 5,253 18,174
Acquisition of subsidiary, net of cash acquired (12,879) (928)
Price adjustments in relation to prior periods’ business combinations - 849
Acquisition of intangible assets - (806)
Payment for deferred consideration on prior period acquisitions (2,798) (2,984)
Investment in TSI Fund (43,226) -
Net cash outflow from investing activities (90,327) (37,852)
Cash flows from financing activities
Proceeds from borrowings 365,449 945,769
Repayment of borrowings (437,129) (1,249,364)
Proceeds from share issue - 255,069
Payment for share acquisition and share issue costs (998) (977)
Dividends paid (46,540) (52,702)
Net cash outflow from financing activities (119,218) (102,205)
Net increase in cash held 15,490 34,163
Cash at the beginning of the financial year 97,979 57,826
Net foreign exchange differences in opening cash (753) 5,990
Cash and cash equivalents at the end of the reporting period 8 112,716 97,979
1. Inclusive of goods and services tax.
The above consolidated statement of cash flows should be read in conjunction with the accompanying notes.