Financial Statements
67
Financial Statements
Note
2013 
$’000
2012 
$’000
Cash flows from operating activities
Receipts from customers (net of goods and services tax) 332,624 361,754
Payments to suppliers and employees (net of goods and services tax) (224,500) (182,759)
Interest received 2,587 1,394
Finance costs paid (10,120) (8,431)
Income tax paid (15,571) (6,711)
Net cash inflow from operating activities 25 85,020 165,247
Cash flows from investing activities
Payments for property, plant and equipment (7,035) (92,343)
Payments for exploration, evaluation and development (122,722) (75,054)
Payments for acquisition of Bowdens Silver Project – (41,000)
Cash acquired on acquisition of subsidiaries, net of cash paid – 136
Interest capitalised to expansion and development projects (3,948) (6,939)
Deposits and debt service reserve account (8,612) (2,470)
Payments for other assets (108) (3,526)
Net cash outflow from investing activities (142,425) (221,196)
Cash flows from financing activities
Proceeds from borrowings, net of transaction costs 133,968 96,627 
Repayment of borrowings (116,250) (26,622)
Proceeds from the issue of shares – 70,792 
Payments for acquisition of non-controlling interests – (11,359)
Dividends paid (19,409) (18,933)
Net cash (outflow) / inflow from financing activities (1,691) 110,505
Net (decrease) / increase in cash held (59,096) 54,556
Cash at the beginning of the year 90,623 35,864
Effects of exchange rates on cash and cash equivalents 1,460 203
Cash at the end of the year  7 32,987 90,623
The above Statement of Cash Flows should be read in conjunction with the accompanying notes.
Statement of  
Cash Flows
for the year ended 30 June 2013