REA Group Ltd Annual Report 2021

Annual Report 2021 | REA Group Ltd Notes 2021 $’000 2020 $’000 Cash flows from operating activities Receipts from customers (inclusive of GST) 997,422 924,746 Payments to suppliers and employees (inclusive of GST) (471,967) (401,743) 525,455 523,003 Interest received 2,468 2,785 Interest paid (6,094) (7,057) Income taxes paid (200,378) (98,178) Share-based payment on settlement of incentive plans – (1,407) Net cash inflow from operating activities 8 321,451 419,146 Cash flows from investing activities Payment for acquisition of subsidiary, net of cash acquired (267,385) (16,519) Payment for investment in associates and joint ventures (34,022) (11,300) Payment for property, plant and equipment (2,710) (10,830) Payment for intangible assets 6 (64,225) (62,523) Payment for convertible note receivable 21 (11,814) – Purchase of subsidiary shares from non-controlling interest (1,368) – Net cash outflow from investing activities (381,524) (101,172) Cash flows from financing activities Dividends paid to company’s shareholders 12 (150,392) (155,423) Dividends paid to non-controlling interests in subsidiaries (247) (782) Payment for acquisition of treasury shares (3,721) (344) Proceeds from borrowings 413,356 169,116 Repayment of borrowings and leases 9 (247,229) (246,084) Net cash inflow / (outflow) from financing activities 11,767 (233,517) Net (decrease)/increase in cash and cash equivalents (48,306) 84,457 Cash and cash equivalents at the beginning of the year 222,845 137,897 Effects of exchange rate changes on cash and cash equivalents (782) 491 Cash and cash equivalents held for sale at end of the year (4,888) – Cash and cash equivalents at end of the year 8 168,869 222,845 The above Consolidated Statement of Cash Flows should be read in conjunction with the accompanying notes. Consolidated Statement of Cash Flows for the year ended 30 June 2021 Year in review Directors’ Report Financial Statements Remuneration Report Sustainability Our Leaders 67