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
* 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. 37