Statement of Cash Flows

    Note* 2019
$000
2018
$000

Cash flows from operating activities

     

Receipts

     

Receipts from external customers

  124,738 122,187

Interest received

  636 677

Other receipts

  1,561 1,190
Total receipts   126,935 124,054

Payments

     

Payments for employee benefits

  (20,469) (19,782)

Payments to suppliers

  (27,055) (24,579)

Forest management expenditure

  (69,610) (72,783)
Total payments   (117,134) (117,144)

Net cash inflow from operating activities

7.2.2 9,801 6,910
 

Cash flows from investing activities

     

Purchase of non-current physical assets

  (4,449) (3,340)

Purchase of intangible assets

  (169) (305)

Purchase of investments:

     
Investment in new plantations   (5,798) (6,068)
Net cash used in investing activities   (10,416)

(9,713)

 

Cash flows from / (to) State Government

     

Royalties for Regions Fund

3.3 - 250

State Contribution (equity injection)

  - 1,300

Other grants and subsidies

3.3 1,667 5,353
Dividends paid   (1,044)

(3,617)

Taxation equivalents   845

(1,278)

Net cash provided from State Government   1,468

2,008

 
Net increase/(decrease) in cash and cash equivalents   853

(795)

Cash and cash equivalents at the beginning of year   30,551

31,346

Cash and cash equivalents at the end of year 7.2.1 31,404

30,551

For the year ended 30 June 2019. The 'Statement of Cash Flows' should be read in conjunction with the accompanying notes.