Statement of cash flows

FOR THE YEAR ENDED 30 JUNE 2010

    2010 2009
  Notes $'000 $'000
Cash flows from operating activities      
Receipts from customers   404,319 310,001
Interest received      2,740     5,055
Payments to suppliers and employees   (346,141) (249,789)
Income tax equivalent paid   (13,377) (13,267)
Finance costs   (10,487) (11,513)


Net cash flows from operating activities 24(b) 37,054 40,487

       
Cash flows from investing activities      
Payment for property, plant and equipment   (687) (910)
Proceeds from sale of investment property   6,450 -
Proceeds from sale of property, plant and equipment   98 584

Net cash flows (used in)/from investing activities   5,861 (326)

       
Cash flows from financing activities      
Repayment of borrowings   (25,000) (60,000)
Dividends paid to NSW Treasury   (42,912) (36,013)

Net cash flows used in financing activities   (67,912) (96,013)

Net decrease in cash and cash equivalents   (24,997) (55,852)
Cash and cash equivalents at the beginning of the year   117,213 173,065

Cash and cash equivalents at the end of the year 24(a) 92,216 117,213

The above Cash Flow Statement is to be read in conjunction with the attached notes to the financial statements.