Racing Australia Annual Report 2020

42 | RACING AUSTRALIA ANNUAL REPORT 2020 Consolidated Entity Parent Entity Note 2020 $ 2019 $ 2020 $ 2019 $ Cash flow from operating activities Receipts from customers 15,001,269 15,384,982 15,109,223 15,237,891 Payments to suppliers and employees (10,223,138) (9,691,726) (10,305,814) (9,573,338) Finance costs (138,506) (196,909) (137,607) (193,939) Interest received 4,973 20,130 4,855 19,842 Net cash provided by operating activities 4,644,598 5,516,477 4,670,657 5,490,456 Cash flow from investing activities Payments for property, plant and equipment (409,986) (314,341) (409,986) (314,341) Payments for intangible assets (1,806,727) (3,238,478) (1,806,727) (3,238,478) Net cash (used) in investing activities (2,216,713) (3,552,819) (2,216,713) (3,552,819) Cash flow from financing activities Repayment of borrowings - (3,892,512) - (3,892,512) Net cash (used in) financing activities - (3,892,512) - (3,892,512) Net (decrease) / increase in cash held 2,427,885 (1,928,854) 2,453,944 (1,954,875) Cash and cash equivalents at beginning of financial year 3,483,714 5,412,568 3,457,374 5,412,249 Cash and cash equivalents at end of financial year 13 5,911,599 3,483,714 5,911,318 3,457,374 The accompanying notes form part of these financial statements. STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2020