49 2022 ANNUAL REPORT Consolidated Statement of CASH FLOWS for the year ended 30 June 2022 CONSOLIDATED 30 June 2022 30 June 2021 Note $’000 $’000 Cash flows from operating activities Cash received from customers 158,606 174,677 Payments to suppliers and employees (157,055) (153,921) Payments for exploration and evaluation (2,522) (3,217) Sundry receipts 223 547 Income tax paid - - Interest received 8 444 Interest paid (791) - Net operating cash flows used in discontinued operation 23(c) (828) (3,975) Net cash from operating activities 30 (2,359) 14,555 Cash flows used in investing activities Payments for property, plant equipment and intangibles (94,844) (99,643) Payments for mine development and pre-operational cost (82,729) (10,050) Payments for exploration and evaluation (3,998) (7,579) Payments for bank guarantee relating to King of the Hills project - (21,112) Disposal of discontinued operation, net of cash 23(c) 21,467 - Net investing cash flows used in discontinued operation 23(c) - (53) Net cash used in investing activities (160,104) (138,437) Cash flows from financing activities Proceeds from issues of shares - 60,066 Payments for share issue transaction costs - (2,102) Proceeds from borrowings 15 175,000 - Repayments of borrowings - (12,000) Payments of facility fee on borrowings and interest (2,730) (379) Payment for settlement for closure of hedges - (4,774) Receipt from / (payment to) restricted cash 13,000 (7,500) Payments of lease liabilities (8,409) (7,393) Net cash from financing activities 176,861 25,918 Net increase in cash and cash equivalents 14,398 (97,964) Cash at the beginning of the period 17,415 116,220 Effect of exchange rate fluctuations on cash held 713 (67) Cash held within assets held for sale - (744) Cash and cash equivalents at the end of the year 7 32,526 17,415 The accompanying notes form part of these financial statements.
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