RACING AUSTRALIA ANNUAL REPORT 2022 33 STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2022 Consolidated Entity Parent Entity Note 2022 $ 2021 $ 2022 $ 2021 $ Cash flow from operating activities Receipts from customers 15,519,044 16,817,175 15,488,036 16,757,334 Payments to suppliers and employees (10,788,437) (8,999,027) (10,768,509) (8,949,841) Payments of non-repayable grant - (3,000,000) - (3,000,000) Finance costs (131,418) (133,773) (131,184) (133,589) Interest received 11,447 1,840 11,447 1,840 Net cash provided by operating activities 4,610,636 4,686,215 4,599,790 4,675,744 Cash flow from investing activities Payments for property, plant, and equipment (240,155) (99,685) (240,155) (99,685) Payments for Intangible assets (2,216,793) (2,156,084) (2,216,793) (2,156,084) Net cash (used in) investing activities (2,456,948) (2,255,769) (2,456,948) (2,255,769) Net increase / (decrease) in cash held 2,153,688 2,430,446 2,142,842 2,419,975 Cash and cash equivalents at beginning of financial year 8,342,045 5,911,599 8,331,293 5,911,318 Cash and cash equivalents at end of financial year 13 10,495,733 8,342,045 10,474,135 8,331,293 The accompanying notes form part of these financial statements.
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