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Shareholder Review
Contents
Introduction
About Salmat
Chairmans Message
Joint Managing Directors Report
Review of Operations
BusinessForce
SalesForce
MediaForce
Corporate Responsibility Report
Board of Directors
Corporate Directory
Full Financial Report
Financial Contents
Corporate Governance
Directors Report
Auditors Independence Declaration
Income Statements
Balance Sheets
Statements of Recognised Income and Expense
Cash Flow Statements
Notes to the Financial Statements
Directors Declaration
Independent Auditors Report
Independent Auditors Report
Shareholder Information
Cash Flow Statements
For the year ended 30 June 2008
Consolidated Parent
2008
2007
2008
2007
Notes
$’000
$’000
$’000
$’000
Cash flows from operating activities Receipts from customers* Payments to suppliers and employees*
809,934 (728,495)
583,091 (527,777)
9,469 (22,968)
26,915 (24,519)
81,439
55,314
(13,499)
2,396
Dividends received Interest received Other income received Interest paid Income taxes paid
3
– 1,875 1,555 (15,470) (8,844)
– 532 – (6,412) (17,311)
67,000 1,361 1,109 (15,129) (3,986)
37,215 387 – (6,089) (16,638)
Net cash inflow from operating activities
42
60,555
32,123
36,856
17,271
Cash flows from investing activities
Payment for purchase of business, net of cash acquired 37 (213,998) (31,761) – –
Payments for property, plant and equipment (20,187) (15,885) (1,513) (4,024)
Proceeds from sale of plant and equipment 1,772 10 35 –
Payment of development costs – (2,408) – –
Loans to related parties – – (241,433) –
Loans to associate (1,374) 4,790 – 403
Proceeds from sale of associate – 28,388 – –
Net cash (outflow) from investing activities
(233,787)
(16,866)
(242,911)
(3,621)
Cash flows from financing activities Proceeds from issues of shares and other equity securities Proceeds from borrowings Repayment of borrowings Dividends paid to Company’s shareholders
31
78,486 251,387 (110,000) (15,889)
1,249 19,273 – (32,324)
78,486 277,000 (110,000) (15,889)
1,249 19,000 – (32,324)
Net cash inflow (outflow) from financing activities
203,984
(11,802)
229,597
(12,075)
Net increase in cash and cash equivalents Cash and cash equivalents at the beginning of the financial year Effects of exchange rate changes on cash and cash equivalents
30,752 4,919 –
3,455 1,464 –
23,542 2,502 –
1,575 927 –
Cash and cash equivalents at end of year
8
35,671
4,919
26,044
2,502
* Includes receipts and payments relating to postage disbursements.
The above cash flow statements should be read in conjunction with the accompanying notes.
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