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S E C T I O N 1 2 : Our Financial Review

ALLIANCE ANNUAL REP ORT 2018

STAT E M E N T S O F C A S H F L O W S For the year ended 30 September 2018 Cash generated and used by the Alliance Group during the financial year

GROUP

Cash flows from operating activities Cash receipts from customers Interest received Dividends received Cash paid to suppliers and employees Interest paid Taxes paid

2018

2017

$000

$000

1,751,147 155 (1,769,639) (8,034) (798)

1,525,185 820 650 (1,487,664) (6,739) (832)

Net cash flow from operating activities

(27,169)

31,420

Cash flows from investing activities Repayment of investment Purchase of investments Purchase of intangibles Proceeds from sale of property, plant and equipment Acquisition of property, plant and equipment

3,375 (34) (2,678) 4,954 (33,426)

194 (4,506) 8,526 (25,703)

Net cash flow from investing activities

(27,809)

(21,489)

Cash flows from financing activities Increase / (reduction) in term debt Issue of share capital Redemption of share capital

53,100 3,424 (2,923)

(22,400) 3,672 (2,756)

Net cash flow from financing activities

53,601

(21,484)

Net movement in cash and cash equivalents

(1,377)

(11,553)

Opening cash and cash equivalents Effect of exchange rate fluctuations on cash held

(7,854) (637)

3,309 390

Closing cash and cash equivalents

(9,868)

(7,854)

Reconciliation of Profit to Cash Surplus from Operating Activities Profit for the year

6,602

14,426

Adjustments for items not involving cash flows: Depreciation and amortisation (Increase)/decrease in deferred tax Share issues retained from pool surplus Fair value of financial derivatives Non-cash rebate from associates Effect of exchange rate movement on working capital Gain on sale Accounts receivable and payable movements for investing and financing activities Earnings from associates Movement in provision for doubtful debts Movement in stock provision

19,487 2,639 26 (600) (3,415) 2,015 (2,402) 669 (1,482) 281 (238)

17,638 626 4,697 (1,752) (3,867) 1,245 (7,886) (5,364) (429) (259) (755)

Other non cash items

104

380

17,084

4,274

Movement in working capital items

(50,855)

12,720

Cash flow from operating Activities

(27,169)

31,420

The notes to the Group financial statements form an integral par t of these financial statements.

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Annual Report 2018  

Annual Report 2018