42

  

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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