| | | | | | | 2006 | 2005 | 2006 | 2005 | | | Note | $000 | $000 | $000 | $000 | | Cash flows from operating activities | | | | | | | Cash receipts in the course of operations | | 432,838 | 338,705 | 234,073 | 223,459 | | Cash payments in the course of operations | | (352,164) | (216,649) | (209,038) | (142,865) | | Dividends received | | - | - | - | 5,131 | | Grant and other income received | | 884 | 618 | 379 | 815 | | Interest received | | 3,816 | 2,634 | 5,896 | 2,592 | | Interest paid | | (6,391) | (2,928) | (16) | (282) | | Income taxes paid | | (27,428) | (19,370) | (19,358) | (12,811) | | Net cash provided by operating activities | 25(b) | 51,555 | 103,010 | 11,936 | 76,039 | | Cash flows from investing activities | | | | | | | Payment for plant and equipment | | (14,329) | (4,992) | (6,968) | (3,569) | | Payment for enterprise resource planning system | | (706) | (3,044) | - | (5) | | Proceeds from sale of non-current assets | | 572 | 27 | 197 | 1,279 | | Investment in controlled entities | | - | - | (15,380) | (12,045) | | Payment for acquisition of cochlear implant distribution businesses | | - | (3,405) | - | - | | Payment for controlled entities (net of cash acquired) | | - | (192,208) | - | - | | Development expenditure | | (179) | (4,375) | (179) | (4,375) | | Net cash used in investing activites | | (14,642) | (207,997) | (22,330) | (18,715) | | Cash flows from financing activities | | | | | | | Repayment of borrowings | | (29,787) | (2,100) | (1,273) | (2,100) | | Proceeds from borrowings | | 3,678 | 178,812 | - | - | | Proceeds from issue of shares | | 17,288 | - | 17,288 | - | | Dividends paid by the parent | | (49,096) | (42,832) | (49,096) | (42,832) | | Net cash (used in)/provided by financing activities | | (57,917) | 133,880 | (33,081) | (44,932) | | Net (decrease)/increase in cash and cash equivalents | | (21,004) | 28,893 | (43,475) | 12,392 | | Cash and cash equivalents at 1 July | | 103,627 | 74,091 | 70,918 | 58,526 | | Effects of exchange fluctuation on the balances of cash held in foreign currencies | | 2,703 | 643 | 15 | - | | Cash and cash equivalents at 30 June | 25(a) | 85,326 | 103,627 | 27,458 | 70,918 | The statements of cash flows are to be read in conjunction with the notes to the financial statements set out in this report. |
