CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 JUNE 2015
NOTE
CONSOLIDATED
2015
2014
$m
$m
CASH FLOWS FROM OPERATING ACTIVITIES
Premium received
11,503
9,661
Reinsurance and other recoveries received
1,938
1,778
Claims costs paid
(8,736)
(6,898)
Outwards reinsurance premium expense paid
(1,427)
(1,130)
Dividends received
39
38
Interest and trust distributions received
555
533
Finance costs paid
(102)
(95)
Income taxes paid
(351)
(432)
Other operating receipts
884
736
Other operating payments
(3,605)
(3,114)
Net cash flows from operating activities
22
698
1,077
CASH FLOWS FROM INVESTING ACTIVITIES
Net cash flows on acquisition of/capital injection to subsidiaries and associates
(162)
(312)
Proceeds from disposal of investments and property and equipment
11,315
14,543
Outlays for investments and property and equipment
(12,845)
(14,526)
Net cash flows from investing activities
(1,692)
(295)
CASH FLOWS FROM FINANCING ACTIVITIES
Outlays for purchase of treasury shares
(35)
(78)
Proceeds from issue of trust units
126
163
Outlays for redemption of trust units
(125)
(197)
Proceeds from borrowings
-
347
Repayment of borrowings
-
(283)
Dividends paid to IAG shareholders
(913)
(823)
Dividends paid to non-controlling interests
(129)
(81)
Proceeds from issue of shares, net of transaction costs
500
1,422
Dividends received on treasury shares
4
3
Net cash flows from financing activities
(572)
473
Net movement in cash held
(1,566)
1,255
Effects of exchange rate changes on balances of cash held in foreign currencies
(11)
39
Cash and cash equivalents at the beginning of the financial year
3,010
1,716
Cash and cash equivalents at the end of the financial year
22
1,433
3,010
The above cash flow statement should be read in conjunction with the notes to the financial statements.
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