1996/97 STATE TRANSIT ANNUAL REPORT
Financial Statements
Statement of Cash Flows
For the year ended 30 June 1997
| |
|
1997
$000 |
1996
$000 |
| |
Note
|
Inflows
(Outflows) |
Inflows
(Outflows) |
| Cash flows from operating activities |
|
|
|
| Passenger revenue and other income |
|
203,587 |
187,071 |
| Received from NSW Government: |
|
|
|
- Community service obligations
|
|
39,039 |
36,438 |
- School student transport scheme reimbursement
|
|
26,855 |
27,498 |
- Other concessional reimbursement
|
|
84,111 |
74,688 |
| Interest received |
|
1,866 |
4,711 |
| Payments to suppliers |
|
(118,136) |
(102,442) |
| Payments to employees |
|
(218,139) |
(203,137) |
| Payment to SAA - tax allocation adjustment |
|
(5,058) |
------ |
| Interest and other finance costs |
|
( 2,534) |
(3,237) |
| Income tax paid |
|
( 2,999) |
(999) |
| |
|
|
|
| Net cash provided by (used in)
operating activities
|
(ii) |
8,592 |
20,591 |
| |
|
|
|
| Cash flows from investing activities |
|
|
|
| Payments for property, plant and equipment |
|
(38,076) |
(28,738) |
| Proceeds from sale of property, plant and equipment
|
|
5,049 |
2,902 |
| |
|
|
|
| Net cash provided by (used in) investing activities
|
|
(33,027) |
(25,836) |
| |
|
|
|
| Cash flows from financing activities |
|
|
|
| Repayment of borrowings |
|
------ |
(112) |
| Repayment of lease liabilities |
|
(8,171) |
(5,967) |
| Dividends paid |
|
(5,177) |
(1,485) |
| |
|
|
|
| Net cash provided by (used in) financing activities
|
|
(13,348) |
(7,564) |
| |
|
|
|
| Net increase (decrease) in cash held |
|
(37,783) |
(12,809) |
| |
|
|
|
| Cash at beginning of year |
|
52,725 |
65,534 |
| |
|
|
|
| Cash at end of year |
(i) |
14,942 |
52,725 |
The accompanying notes form an integral part of these financial statements.
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