Statement of Cash Flows

    Note* 2020
$000
2019
$000

Cash flows from operating activities

     

Receipts

     

Receipts from external customers

  130,789 124,738

Interest received

  202 636

Other receipts

  1,093 1,561
Total receipts   132,084 126,935

Payments

     

Payments for employee benefits

  (20,793) (20,469)

Payments to suppliers

  (30,240) (27,055)

Forest management expenditure

  (90,055) (69,610)
Total payments   (141,088) (117,134)

Net cash inflow from operating activities

7.3.2 (9,004) 9,801
 

Cash flows from investing activities

     

Purchase of non-current physical assets

  (4,547) (4,449)

Purchase of intangible assets

  - (169)

Purchase of investments:

     
Investment in new plantations 5.4 (6,054) (5,798)
Net cash used in investing activities   (10,601)

(10,416)

 
Cash flows from financing activities      
Payments      
Lease payments   (641) -
Net cash used in financing activities   (641) -
 

Cash flows from / (to) State Government

     

Other grants and subsidies

3.3 200 1,667
Dividends paid   -

(1,044)

Taxation equivalents   164

845

Net cash provided to State Government   364

1,468

 
Net increase/(decrease) in cash and cash equivalents   (19,882)

853

Cash and cash equivalents at the beginning of period   31,404

30,551

Cash and cash equivalents at the end of the period 7.3.1 11,522

31,404

For the year ended 30 June 2020. The 'Statement of Cash Flows' should be read in conjunction with the accompanying notes.