STATEMENT OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2000 Note Consolidated Company 2000 1999 2000 1999 $ $ $ $ Cash Flows from Operating Activities Receipts from customers 16,077,952 26,287,361 – – Interest received 210,840 44,551 185,959 21,319 Payments to suppliers and employee (12,871,266) (20,296,167) (162,376) (10,527) Income tax paid (589,953) (2,116,458) 64,716 – Borrowing costs paid  (1,165,742) (1,093,244) – – Net Cash Provided By  Operating Activities 19(a) 1,661,831 2,826,043 88,299 10,792 Cash Flows from Investing Activities Payments for property,  plant and equipment (3,345,578) (2,967,526) – – Cash paid for purchase of shares* – (5,923,616) – (5,923,616) Opening cash balance of  acquired group* – 470,632 – – Proceeds from buy back of shares* – 4,500,000 – 4,500,000 Capital contributions received* – 1,500,000 – 1,500,000 Proceeds from sale of property,  plant and equipment 225,000 – – – Net Cash Provided By (Used In)  Investing Activities (3,120,578) (2,420,510) – 76,384 Cash Flows from Financing Activities Proceeds on refinancing of vessel 500,000 2,200,000 – – Hire purchase principal payments (1,151,665) (1,153,854) – – Repayment of borrowings – (4,602,464) – (4,000,000) Repayment of loans - other persons 5,590 58,683 – – Loans advanced from/(to)  related parties – (11,404) – 24,596 Dividends paid (537,500) (1,069,195) (537,500) (534,597) Loans from shareholders – – – 433,618 Proceeds from borrowings – 4,000,000 – 4,000,000 Proceeds from issue of shares – 6,500,000 – 6,500,000 Oversubscription to share issue  – – – 41,992 Costs of issue of shares – (680,000) – (680,000) Advances to controlled entities  – – (2,601,184) (480,000) Net Cash Provided By (Used By)  Financing Activities (1,183,575) 5,241,766 (3,138,684) 5,305,609 Net Increase/(Decrease) in Cash Held (2,642,322) 5,647,299 (3,050,385) 5,392,785 Cash at the Beginning of the Financial Year 5,647,299 – 5,392,785 – Cash at the End of the  Financial Year 19(b) 3,004,977 5,647,299 2,342,400 5,392,785 37 * These cash flows form part of the acquisition of Mermaid Marine Group Pty Ltd as disclosed in Note 19(d). The statement of cash flows should be read in conjunction with the accompanying notes on pages 21 to 42.