Statement of cash flows For the year ended 30 June 2012 Notes to the financial statements are included on pages 61 to 121. page 60 Consolidated Parent 2012 2011 2012 2011 Note $’000 $’000 $’000 $’000 Cash flows from operating activities Receipts from customers 680,860  689,929  6,792  6,219  Payments to suppliers and employees (548,762) (554,160) (2,317) (609) Interest and other costs of finance paid (2,407) (761) (2,744) (467) Net stockbroking purchases 3,002  (276) - - Dividends from equity-accounted investees 9,416  9,378  - - Income taxes paid (39,155) (21,913) (2,527) (12,856) Fund manager rebates paid to subsidiaries - - (6,029) (6,029) Net cash provided by/(used in) operating activities 38(b) 102,954  122,197  (6,825) (13,742) Cash flows from investing activities Dividends and distributions received 1,276  1,843  87,177 129,912  Interest received 7,096  9,115 2,492  2,459  Acquisition of DKN, net of cash acquired 30 (86,436) - - - Acquisition costs of DKN (3,119) - - - Net proceeds/(payments) from sales or purchases of  financial assets 3,068  (580) - - Payments for property and equipment (3,253) (8,373) - - Proceeds on disposal of property and equipment - 77  - - Amounts (advanced to)/borrowed from other entities (995) (617) (88,747) 8,048  Proceeds on sale of life policies - 220  - - Payments for intangible assets (7,182) (283) - - Proceeds on disposal of intangible assets 619  - - - Interests acquired in equity-accounted investees and  non-controlling interests (7, 395) (1,980) - (864) Proceeds from disposal of equity-accounted investees 424  - - - Net cash provided by/(used in) investing activities (95,897) (578) 922  139,555  Cash flows from financing activities Proceeds from borrowings 55,000  - 65,000  - Repayment of borrowings (548) (14,590) (10,000) - Proceeds from exercise of share options 1,094  9,464  1,094  9,464  On-market purchase of treasury shares transferred to  employees during the year (2,082) (414) 868  - Dividends paid: - members of the Company (95,106) (89,936) (95,106) (89,935) - non-controlling members of subsidiary entities (1,607) (1,567) - - - shareholders entitled to contractual share buy-back (3,463) (4,357) - - Net cash provided by/(used in) financing activities (46,712) (101,400) (38,144) (80,471) Net increase/(decrease) in cash and cash equivalents (39,655) 20,219  (44,047) 45,342  Cash and cash equivalents at the beginning of the  financial year 152,999  132,780  45,959  617  Cash and cash equivalents at the end of the financial  year 113, 34 4  152,999  1,912  45,959 