McConnell Dowell 2018 Annual Review

24 All figures are in A$ 000’s Note 2018 2017 9. Statement of Cash Flows Reconciliation (i) Reconciliation of cash Cash at the end of the financial period as shown in the statement of cash flows is reconciled to the related items in the statement of financial position as follows: Cash at bank 108,059 86,410 Cash in joint operations 9(a) 33,566 33,895 Cash on hand 137 138 TOTAL CASH AND CASH EQUIVALENTS 141,762 120,443 9(a) - Cash assets held in joint operations are available for use by the Group with the approval of the joint operation partners (ii) Reconciliation of net cash flows from operating activities to operating profit after tax Net profit / (loss) after tax from continuing operations 7,976 (469,914) Depreciation & impairment of property, plant & equipment 13,028 16,948 Share of associated companies (profits) / losses 636 (1,533) Effect of foreign exchange movements 5,393 (1,157) Net gain on disposal of fixed assets (7,599) (8,343) (Increase) / decrease in receivables & other assets 60,704 315,820 (Increase) / decrease in inventory (1,022) (37) (Increase) / decrease in deferred tax (assets) / liability 40 21,960 Increase / (decrease) in trade & other payables (8,094) 37,860 Increase / (decrease) in provisions (37,942) 38,249 Increase / (decrease) in income tax payable (936) (7,155) NET CASH INFLOW / (OUTFLOW) FROM OPERATING ACTIVITIES 32,184 (57,302) Consolidated Notes to the Annual Financial Statements (continued) For the year ended 30 June 2018