|
SKY CITY ENTERTAINMENT GROUP LIMITED ( 1 )
STATEMENTS OF CASH FLOWS
for the year ended 30 June 2001
|
| |
Consolidated
|
Parent Company
|
| |
2001
$000
|
2000
$000
|
2001
$000
|
2000
$000
|
| Cash Flows Related to Operating Activities |
|
|
|
|
|
|
| |
|
|
|
|
| Cash was provided from: |
|
|
|
|
| Receipts from customers |
443,026
|
293,210
|
27
|
1,939
|
| Interest received |
3,285
|
1,157
|
2,080
|
170
|
| Dividends received |
1
|
|
|
|
| |
446,312
|
294,367
|
2,107
|
2,109
|
| |
|
|
|
|
| Cash was applied to: |
|
|
|
|
| Payments to suppliers and employees |
217,986
|
134,925
|
12,951
|
5,239
|
| Interest paid |
40,793
|
24,641
|
12,049
|
290
|
| Gaming taxes paid |
30,244
|
10,421
|
|
|
| Income taxes paid |
33,006
|
34,389
|
34,530
|
34,389
|
| Net GST (received)/paid |
(1,964)
|
730
|
(70)
|
|
| |
320,065
|
205,106
|
59,460
|
39,918
|
| Net Cash Flows from Operating Activities |
126,247
|
89,261
|
(57,353)
|
(37,809)
|
| |
|
|
|
|
| Cash Flows Related to Investing Activities |
|
|
|
|
| |
|
|
|
|
| Cash was provided from: |
|
|
|
|
| Sale of fixed assets |
554
|
685
|
|
4
|
| |
|
|
|
|
| Cash was applied to: |
|
|
|
|
| Funding facility and capital notes |
|
|
|
|
| costs deferred |
2,166
|
2,760
|
1,245
|
630
|
| Payment for operator rights |
|
2,250
|
|
|
| Purchase and construction of fixed assets |
52,172
|
32,433
|
27
|
22
|
| Interest paid capitalised |
|
354
|
|
|
| Purchase of subsidiaries |
19,667
|
238,605
|
|
9,987
|
| Purchase of investments |
17,099
|
|
|
|
| Payment for other intangibles |
287
|
|
|
|
| |
91,391
|
276,402
|
1,272
|
10,639
|
| Net Cash Flows from Investing Activities |
(90,837)
|
(275,717)
|
(1,272)
|
(10,635)
|
| |
|
|
|
|
| Cash Flows Related to Financing Activities |
|
|
|
|
| |
|
|
|
|
| Cash was provided from: |
|
|
|
|
| Proceeds of long-term debt |
860
|
243,631
|
|
|
| Exercise of share options |
6,402
|
63
|
6,402
|
63
|
| Advances from subsidiaries |
|
|
93,890
|
48,277
|
| Proceeds of capital notes |
90,858
|
59,142
|
90,858
|
59,142
|
| Advances from minority interests |
3,338
|
1,797
|
|
|
| Issue of shares in Riverside Casino Limited |
|
375
|
|
|
| Issue of convertible notes by Riverside |
|
|
|
|
| Casino Limited |
|
3,371
|
|
|
| Gains on foreign currency swaps hedging foreign operations |
2,726
|
|
2,726
|
|
| |
104,184
|
308,379
|
193,876
|
107,482
|
|
|
|
|
|
| Cash was applied to: |
|
|
|
|
| Repayment of short-term debt |
|
19
|
|
|
| Repayment of long-term debt |
94,990
|
55,000
|
|
|
| Distributions to shareholders |
34,894
|
48,140
|
34,894
|
48,140
|
| Advances to subsidiaries and associates |
6,276
|
|
109,723
|
1,536
|
| |
136,160
|
103,159
|
144,617
|
49,676
|
| Net Cash Flows from Financing Activities |
(31,976)
|
205,220
|
49,259
|
57,806
|
| |
|
|
|
|
| NET INCREASE/(DECREASE) IN CASH HELD |
3,434
|
18,764
|
(9,366)
|
9,362
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| RECONCILIATION OF CASH |
|
|
|
|
| Opening cash and bank |
37,794
|
19,030
|
9,367
|
5
|
| Net increase/(decrease) in cash held |
3,434
|
18,764
|
(9,366)
|
9,362
|
| Foreign currency transaction adjustment |
375
|
|
|
|
| CLOSING CASH |
41,603
|
37,794
|
1
|
9,367
|
| |
|
|
|
|
| COMPOSITION OF CASH |
|
|
|
|
| Cash and Bank |
42,684
|
37,794
|
1
|
9,367
|
| Bank Overdraft |
(1,081)
|
|
|
|
| |
41,603
|
37,794
|
1
|
9,367
|
(1)formerly Sky City Limited
|
