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CIMIC Group Limited Annual Report 2016 |
Financial Report
Consolidated Statement of Cash Flows
for the 12 months to 31 December 2016
Note
12 months to
December 2016
$m
12 months to
December 2015
$m
Cash flows from operating activities
Cash receipts in the course of operations (including GST)
12,402.7
15,981.0
Cash payments in the course of operations (including GST)
(11,201.3)
(14,061.4)
Cash flows from operating activities
1,201.4
1,919.6
Dividends received
6.9
15.7
Interest received
24.9
32.7
Finance costs paid
(85.2)
(202.8)
Income taxes (paid) / received
(21.0)
(315.0)
Net cash from operating activities
28
1,127.0
1,450.2
Cash flows from investing activities
Payments for intangibles
(14.7)
(15.2)
Payments for property, plant and equipment
(280.2)
(266.3)
Proceeds from sale of property, plant and equipment
97.8
156.2
Proceeds from sale of investments in controlled entities and businesses
-
1,671.0
Proceeds from sale of investments
180.8
-
Cash acquired from acquisition of investments in controlled entities and businesses
29
244.4
-
Income tax paid in relation to proceeds from sale of investments in controlled entities and
businesses
(32.0)
(263.0)
Payments for investments
(325.1)
(35.1)
Loans to associates and joint ventures
(152.7)
-
Net cash from investing activities
(281.7)
1,247.6
Cash flows from financing activities
Own shares purchased from shareholders of the Company
20
(425.9)
-
Cash payments in relation to employee share plans
(18.8)
(4.1)
Proceeds from borrowings
380.4
871.2
Repayment of borrowings
(380.1)
(2,915.4)
Repayment of finance leases
(276.9)
(124.7)
Dividends paid to non-controlling interests
(12.6)
-
Dividends paid to shareholders of the Company
(320.5)
(385.9)
Payments to acquire non-controlling interests
(389.0)
-
Net cash from financing activities
(1,443.4)
(2,558.9)
Net increase / (decrease) in cash held
(598.1)
138.9
Cash and cash equivalents at the beginning of the period
2,167.8
1,976.9
Effects of exchange rate fluctuations on cash held
6.8
52.0
Cash and cash equivalents at reporting date
7
1,576.5
2,167.8
The consolidated statement of cash flows is to be read in conjunction with the notes to the consolidated financial report.
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