AUB Group Limited Annual Report 2023

CONSOLIDATED STATEMENT OF CASH FLOWS YEAR ENDED 30 JUNE 2023

2023 $’000

2022 $’000

Notes

CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers

816,668 38,203 34,665 (677,007) (32,339) (62,813)

345,154 43,149 15,988 (268,931) (26,904)

Dividends/trust distributions received from associates

Management fees received from associates/related entities, and interest received

Payments to suppliers and employees

Income tax paid

Interest paid

(5,489) (1,006)

Interest paid - lease liabilities

4

(4,001)

113,376

Net cash from operating activities before customer trust account movements

101,961

Net increase/(decrease) in cash held in customer trust accounts

88,862

(6,426)

NET CASH FLOWS FROM OPERATING ACTIVITIES

202,238

95,535

CASH FLOWS FROM INVESTING ACTIVITIES Payments for acquisition of consolidated entities, net of cash acquired Cash inflow from sale/deconsolidation of controlled entities Payment for new associates and increases in holdings in associates

7 (a) 7 (b)

(160,199)

109,303

9,710

5,330

(7,207) 42,135 (16,078) (4,307)

8

(5,408)

Proceeds from reduction in interests in associates

8,124

Payment for contingent and deferred consideration on prior year acquisitions Net payment for new broking portfolios purchased/broking portfolios sold Net payments from purchases/sales of plant and equipment, capitalised projects, and other assets

18

(5,179)

10

(749) (159)

(2,193) 2,500

Net repayments/(advances) of loans to associates/related entities NET CASH FLOWS (USED IN)/FROM INVESTING ACTIVITIES

(136,854)

112,487

CASH FLOWS FROM FINANCING ACTIVITIES Capital raising Dividends paid to shareholders of the Group

20

161,297 (52,415) (22,137) (11,804) 709,315 (178,825)

341,861 (41,678) (14,987)

Dividends paid to shareholders of non-controlling interests Distributions paid outside the group to unitholders of controlled trusts

–

Increase in borrowings Repayment of borrowings

10 (b) 10 (b)

32,103

(208,352)

Proceeds from issue of capital to non-controlling interest

–

5,967

Payments of principal for lease liabilities

10 (b)

(10,255) (92,978) (21,934)

(7,392)

Payment of financial liabilities resulting from acquisition of controlled entity

–

Payment for increase in interests in controlled entities Proceeds from reduction in interests in controlled entities NET CASH FLOWS FROM FINANCING ACTIVITIES NET INCREASE IN CASH AND CASH EQUIVALENTS Cash and cash equivalents at beginning of the period

(3,136)

18,394

380

498,658 564,042 592,460

104,766 312,788 281,820

Impact as a result of foreign exchange

40,219

(2,148)

10

Cash and cash equivalents at the end of the period

1,196,721

592,460

The above Consolidated Statement of Cash Flows (SOCF) should be read in conjunction with the notes to the Financial Report.

AUB GROUP ANNUAL REPORT 2023

79