FINANCIAL REPORTS
CASH FLOW STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2009
Consolidated Parent entity
Notes 2009
$’000
2008
$’000
2009
$’000
2008
$’000
Cash flows from operating activities
Receipts in the course of operations (inclusive of GST) 912,632 783,742 157,263 179,091
Payments in the course of operations (inclusive of GST) (345,517) (252,212) (54,403) (74,314)
Interest received 3,021 10,149 3,432 606
Finance costs (paid to)/received from financial institutions (200,156) (174,204) 18,592 8,189
Distributions received – 9,862 24,636 36,810
Dividends received – 3,250 – –
Income and withholding taxes paid (10,403) (6,142) – –
Net cash inflow from operating activities 37 (a) 359,577 374,445 149,520 150,382
Cash flows from investing activities
Proceeds from sale of investment properties 19,833 793,200 7,540 446,799
Payments for capital expenditure on investment properties 37 (b) (105,433) (167,642) (14,365) (58,198)
Payments for investment properties – (321,327) – (2,800)
Proceeds from sale of investments 60,178 215,200 – 503,601
Payments for acquisition of investments net of cash – (321,191) – (96)
Payments for investments accounted for using the equity method (25,995) (18,630) – (141,178)
Wind up of investment – 67 – –
Payments for property, plant and equipment (27,165) (80,661) – –
Payments for capital expenditure on property, plant and equipment (133,877) (87,951) (50,741) (15,605)
Net cash inflow/(outflow) from investing activities (212,459) 11,065 (57,566) 732,523
Cash flows from financing activities
Issue of units 1,062,228 – 406,497 –
Establishment expenses and unit issue cost (32,677) (154) (11,029) –
Increase in other minority interest 484 1,651 – –
Borrowings provided to entities within DXS – – (841,743) (606,896)
Borrowings provided by entities within DXS – – 525,511 104,348
Proceeds from borrowings 2,600,334 2,487,200 (72,689) 264,620
Repayment of borrowings (3,570,336) (2,662,111) – (584,032)
Repayment of loan notes – (51,936) – –
Distributions paid to security holders (214,087) (94,306) (102,237) (39,037)
Dividends paid to related parties – (5,974) – –
Distributions paid to other minority interests (16,136) (16,884) – –
Net cash outflow from financing activities (170,190) (342,514) (95,690) (860,997)
Net (decrease)/increase in cash and cash equivalents (23,072) 42,996 (3,736) 21,908
Cash and cash equivalents at the beginning of the year 99,214 59,603 31,004 9,096
Effects of exchange rate changes on cash and cash equivalents 8,703 (3,385) – –
Cash and cash equivalents at the end of the year 7 84,845 99,214 27,268 31,004
The above Cash Flow Statements should be read in conjunction with the accompanying notes.
32 DEXUS PROPERTY GROUP Annual REPORT 2009