Statement of cash flows

    Note* 2017
$000
2016
$000

Cash flows from operating activities

     

Receipts

     

Sale of goods and services

  119,296 131,381

Interest received

  916 806

Other receipts

  1,219 1,364

Payments

     

Employee benefits

  (19,973) (18,414)

Supplies and services

  (23,335) (22,284)

Forest management expenditure

  (74,901) (73,119)

Net cash generated by operating activities

35.2 3,222 19,734
       

Cash flows from investing activities

     

Payments

     

Purchase of non-current physical assets

  (6,077) (90)

Purchase of intangible assets

  (211) (35)

Purchase of investments - Investment in new plantations

  (5,849) (5,924)
Net cash used in investing activities   (12,137)

(6,049)

       

Cash flows from / (to) State Government

     

Royalties for Regions Fund

  250 -

State Contribution (equity injection)

  2,100 -

State operating subsidy

  1,451 -
Dividends paid   (2,530)

(562)

Taxation equivalents   (561)

-

Net cash received from State Government   710

(562)

       
Net (decrease) / increase in cash and cash equivalents   (8,205)

13,123

Cash and cash equivalents at the beginning of year   39,551

26,428

Cash and cash equivalents at the end of year 35.1 31,346

39,551

For the year ended 30 June 2017. The 'Statement of cash flows' should be read in conjunction with the accompanying notes. 

* View key of all financial notes.