statements of cash flows For the year ended 31 July 2012 Group pArent note 2012 nZ$’000 2011 nZ$’000 2012 nZ$’000 2011 nZ$’000 Cash flows from operating activities Cash was provided from: Receipts from customers 345,974 306,618 - - Dividends received - - 20,000 20,000 Income tax received - - 257 - Interest received 131 179 - - 346,105 306,797 20,257 20,000 Cash was applied to: Payments to suppliers and employees 291,626 246,063 1,567 1,477 Income tax paid 16,002 14,175 - 2,875 Interest paid 5,949 6,785 - - 313,577 267,023 1,567 4,352 net cash inflow from operating activities 6 32,528 39,774 18,690 15,648 Cash flows from investing activities Cash was provided from: Proceeds from sale of property, plant and equipment 32 - - - 32 - - - Cash was applied to: Purchase of property, plant and equipment 12 17,868 11,188 - - Purchase of intangibles 13 3,985 676 - - 21,853 11,864 - - net cash (outflow) from investing activities (21,821) (11,864) - - Cash flows from financing activities Cash was provided from: Proceeds of loan advances 206,226 240,223 1,331 4,351 206,226 240,223 1,331 4,351 Cash was applied to: Dividends paid 20,000 20,000 20,000 20,000 Repayment of loan advances 199,040 248,177 - - 219,040 268,177 20,000 20,000 net cash inflow / (outflow) from financing activities (12,814) (27,954) (18,669) (15,649) net increase / (decrease) in cash held (2,107) (44) 21 (1) Opening cash and cash equivalents  3,574 4,736 5 6 Effect of foreign exchange rates 344 (1,118) - - Closing cash 7 1,811 3,574 26 5 34 annual report 2012  kAThMANdu