Racing Australia Annual Report 2019

RACING AUSTRALIA ANNUAL REPORT 2019 | 45 Consolidated Entity Parent Entity Note 2019 $ 2018 $ 2019 $ 2018 $ Cash flow from operating activities Receipts from customers 15,384,982 14,448,397 15,237,891 14,555,036 Payments to suppliers and employees (9,691,726) (10,088,064) (9,573,338) (10,026,476) Finance costs (196,909) (297,039) (193,939) (294,530) Interest received 20,130 34,276 19,842 32,582 Net cash provided by operating activities 5,516,477 4,097,570 5,490,456 4,266,612 Cash flow from investing activities Payments for property, plant and equipment (314,341) (209,415) (314,341) (209,415) Payments for intangible assets (3,238,478) (1,655,674) (3,238,478) (1,655,674) Net cash (used) in investing activities (3,552,819) (1,865,089) (3,552,819) (1,865,089) Cash flow from financing activities Repayment of borrowings (3,892,512) (3,875,000) (3,892,512) (3,875,000) Net cash (used in) investing activities (3,892,512) (3,875,000) (3,892,512) (3,875,000) Net (decrease) / increase in cash held (1,928,854) (1,642,519) (1,954,875) (1,473,477) Cash and cash equivalents at beginning of financial year 5,412,568 7,055,087 5,412,249 6,885,726 Cash and cash equivalents at end of financial year 13 3,483,714 5,412,568 3,457,374 5,412,249 The accompanying notes form part of these financial statements. STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2019