for the year ended 30 June 2022 FINANCIAL REPORT CONSOLIDATED STATEMENT OF CASH FLOWS 51 Westgold Resources Limited Annual Report 2022 Notes 2022 2021 OPERATING ACTIVITIES Receipts from customers 647,576,036 570,971,358 Interest received 220,263 333,794 Receipts from other income 3,080,832 1,957,496 Payments to suppliers and employees (469,372,796) (322,933,634) Interest paid (1,648,881) (1,240,191) Income tax refunded – 53,126 Net cash flows from operating activities 10 179,855,454 249,141,949 INVESTING ACTIVITIES Payments for property, plant and equipment (37,738,519) (32,351,779) Payments for mine properties and development (150,540,448) (182,395,512) Payments for exploration and evaluation (18,190,290) (14,249,778) Payment for financial assets (2,390,258) (5,986,129) Proceeds from sale of financial assets 15 – 17,765,178 Payments for performance bond facility (780,584) – Proceeds from sale of property, plant and equipment 8,630,810 3,412,695 Net cash flows used in investing activities (201,009,289) (213,805,325) FINANCING ACTIVITIES Payment of hire purchase arrangements 4(f) (28,133,801) (22,245,203) Payment for lease liabilities (9,037,306) (8,346,056) Proceeds from share issue 26(b) 100,800,000 8,373,750 Payments for share issue costs (4,132,800) – Payments for dividends (6,324,785) – Net cash flows from (used in) financing activities 53,171,308 (22,217,509) Net increase in cash and cash equivalents 32,017,473 13,119,115 Cash and cash equivalents at the beginning of the financial year 150,684,029 137,564,914 Cash and cash equivalents at the end of the year 10 182,701,502 150,684,029 C
RkJQdWJsaXNoZXIy MjE2NDg3