Racing Australia Annual Report 2017

Racing Australia Annual Report 2017 | 59 Statement of Cash Flows For the year ended 30 June 2017 NOTE CONSOLIDATED ENTITY PARENT ENTITY 2017 $ 2016 $ 2017 $ 2016 $ Cash flow from operating activities Receipts from customers 13,875,991 13,294,458 13,865,655 12,577,713 Payments to suppliers and employees (8,307,440) (8,737,043) (8,135,498) (8,158,167) Finance costs (521,596) (705,096) (519,473) (703,335) Interest received 47,540 76,816 46,132 72,648 Net cash provided by operating activities 5,094,495 3,929,135 5,256,816 3,788,859 Cash flow from investing activities Payments for property, plant and equipment (52,109) (96,805) (52,109) (96,805) Payments for intangible assets (1,319,896) (890,543) (1,319,896) (890,543) Net cash (used) in investing activities (1,372,005) (987,348) (1,372,005) (987,348) Cash flow from financing activities Repayment of borrowings (2,500,000) (3,128,755) (2,500,000) (3,128,755) Net cash used in financing activities (2,500,000) (3,128,755) (2,500,000) (3,128,755) Net (decrease) / increase in cash held 1,222,490 (186,968) 1,384,811 (327,244) Cash and cash equivalents at beginning of financial year 5,832,597 6,019,565 5,500,915 5,828,159 Cash and cash equivalents at end of financial year 15 7,055,087 5,832,597 6,885,726 5,500,915 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 2017