42
McPHERSON’S LIMITED
ANNUAL REPORT 2015
NOTE
2015
$’000
2014
$’000
Cash flows from operating activities
Receipts from customers (inclusive of GST)
382,762
379,083
Payments to suppliers and employees (inclusive of GST)
(363,309)
(345,142)
Interest received
214
27
Interest and borrowing costs paid
(8,710)
(6,435)
Income taxes paid
(4,007)
(4,339)
Net cash inflows from operating activities
36
6,950
23,194
Cash flows from investing activities
Payments for acquisition of business assets
31
(8,061)
(23,654)
Payments for purchase of property, plant and equipment
(1,969)
(1,405)
Payments for purchase of other intangible assets
(1,468)
(1,128)
Proceeds from sale of business assets
14
6,571
2,220
Proceeds received in advance relating to pending disposal of New Zealand Housewares business
14
1,914
-
Proceeds from sale of property, plant and equipment
39
70
Net cash outflows from investing activities
(2,974)
(23,897)
Cash flows from financing activities
Proceeds from issue of shares
24
-
4,804
Share issue transaction costs
24
-
(111)
Proceeds from borrowings
228,842
143,529
Repayment of borrowings
(217,013)
(136,369)
Dividends paid
(8,379)
(8,731)
Net cash inflows from financing activities
3,450
3,122
Net increase in cash held
7,426
2,419
Cash at beginning of financial year
3,722
1,315
Effects of exchange rate changes on cash
135
(12)
Cash held at end of financial year
10
11,283
3,722
The above statement of cash flows should be read in conjunction with the accompanying notes.
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2015