Lendlease Annual Report 2022

Financial Statements 113 Statement of Cash Flows Year Ended 30 June 2022 June 2022 1 June 2021 1 Note $m $m Cash Flows from Operating Activities Cash receipts in the course of operations 8,893 9,531 Cash payments in the course of operations (9,606) (8,916) Interest received 3 6 Interest paid in relation to other corporations (129) (128) Interest paid in relation to lease liabilities (17) (20) Dividends/distributions received 109 80 Income tax paid in respect of operations (88) (85) Net cash (used in)/provided by operating activities 15 (835) 468 Cash Flows from Investing Activities Sale/redemption of investments 846 573 Acquisition of investments (985) (301) Sale of investment properties 82 - Acquisition of/capital expenditure on investment properties (71) (110) Net loan drawdowns from associates and joint ventures (13) (13) Disposal/(acquisition) of consolidated entities (net of cash disposed/acquired and transaction costs) 709 (266) Disposal of property, plant and equipment 69 22 Acquisition of property, plant and equipment (10) (53) Acquisition of intangible assets (75) (68) Net cash provided by/(used in) investing activities 552 (216) Cash Flows from Financing Activities Proceeds from borrowings 2,457 3,503 Repayment of borrowings (2,387) (3,470) Dividends/distributions paid (114) (121) Increase in capital of non controlling interests 2 2 Repayment of lease liabilities (64) (60) Net cash used in financing activities (106) (146) Other Cash Flow Items Effect of foreign exchange rate movements on cash and cash equivalents 24 (6) Net (decrease)/increase in cash and cash equivalents (365) 100 Cash and cash equivalents at beginning of financial year 1,662 1,562 Cash and cash equivalents at end of financial year 14 1,297 1,662 1. Balances include cash flows relating to both continuing and discontinued operations. Net cash flows relating to discontinued operations have been disclosed in Note 33 ‘Discontinued Operations’. The accompanying notes form part of these consolidated financial statements.