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