Racing Australia Annual Report 2018

RACING AUSTRALIA ANNUAL REPORT 2018 | 59 Consolidated Entity Parent Entity Note 2018 $ 2017 $ 2018 $ 2017 $ Cash flow from operating activities Receipts from customers 14,448,397 13,875,991 14,555,036 13,865,655 Payments to suppliers and employees (10,088,064) (8,307,440) (10,026,476) (8,135,498) Finance costs (297,039) (521,596) (294,530) (519,473) Interest received 34,276 47,540 32,582 46,132 Net cash provided by operating activities 4,097,570 5,094,495 4,266,612 5,256,816 Cash flow from investing activities Payments for property, plant and equipment (209,415) (52,109) (209,415) (52,109) Payments for intangible assets (1,655,674) (1,319,896) (1,655,674) (1,319,896) Net cash (used) in investing activities (1,865,089) (1,372,005) (1,865,089) (1,372,005) Cash flow from financing activities Repayment of borrowings (3,875,000) (2,500,000) (3,875,000) (2,500,000) Net cash (used in) investing activities (3,875,000) (2,500,000) (3,875,000) (2,500,000) Net (decrease) / increase in cash held (1,642,519) 1,222,490 (1,473,477) 1,384,811 Cash and cash equivalents at beginning of financial year 7,055,087 5,832,597 6,885,726 5,500,915 Cash and cash equivalents at end of financial year 14 5,412,568 7,055,087 5,412,249 6,885,726 The accompanying notes form part of these financial statements. STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2018