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RACING AUSTRALIA ANNUAL REPORT 2016
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STATEMENT OF CASH FLOWS
For the year ended 30 June 2016
Note
Consolidated entity
Parent entity
2016
$
2015
$
2016
$
2015
$
Cash flow from
operating activities
Receipts from customers
13,294,458
12,728,654
12,577,713
12,852,010
Payments to suppliers and
employees
(8,737,043)
(6,692,757)
(8,158,167)
(6,910,254)
Finance costs
(705,096)
(567,517)
(703,335)
(565,545)
Payments of non-repayable
grants
-
(81,067)
-
(81,067)
Interest received
76,816
78,633
72,648
76,878
Net cash provided by
operating activities
3,929,135
5,465,946
3,788,859
5,372,022
Cash flow from
investing activities
Payment for property, plant
and equipment
(96,803)
(227,180)
(96,803)
(163,114)
Payment for intangible assets
(890,543)
(554,073)
(890,543)
(554,073)
Payment for purchase of ASB
-
(17,973,765)
-
(17,973,765)
Transfers in
-
76,333
-
-
Net cash (used) in investing
activities
(987,348)
(18,678,685)
(987,346)
(18,690,952)
Cash flow from
financing activities
Proceeds from borrowings
(3,128,755)
13,396,267
(3,128,755)
13,396,267
Net cash provided by / (used)
in investing activities
(3,128,755)
13,396,267
(3,128,755)
13,396,267
Net (decrease) / increase in
cash held
(186,968)
183,528
(327,244)
77,337
Cash and cash equivalents at
beginning of financial year
6,019,565
5,836,037
5,828,159
5,750,822
Cash and cash equivalents at
end of financial year
15
5,832,597
6,019,565
5,500,915
5,828,159
The accompanying notes form part of these financial statements.
Racing Australia Limited
| ACN 105 994 330 and Controlled Entities | Annual Report for the Financial Year Ended 30 June 2016