COMPUTERSHARE ANNUAL REPORT 2008

Cash Flow Statements for the year ended 30 June 2008ConsolidatedParent Entity2008 2007 2008 2007Note $000 $000 $000 $000Cash flows from operating activitiesReceipts from customers (inclusive of GST) 1,570,140 1,421,897 - -Payments to suppliers and employees (inclusive of GST) (1,112,875) (1,025,137) (30,286) (18,089)Dividends received 314 92 1 9Interest paid and other costs of finance (44,662) (32,708) - -Interest received 9,006 6,589 1,101 1,188Income taxes paid (74,590) (49,762) (9,392) -Net operating cash flows 36 347,333 320,971 (38,576) (16,892)Cash flows from investing activitiesPayments for purchase of subsidiaries and businesses, net of cashacquired (308,271) (81,783) - -Payments for investment in associated entities and joint ventures (55) (10,881) - -Dividend received 6,808 - 101 -Proceeds from sale of assets 20,739 21,204 2,287 156Payments for investments (12,845) (19,496) (2,032) (1,805)Payments for property, plant and equipment (42,764) (25,658) (89) (4)Net loan repayments from subsidiaries - - 458,780 164,136Proceeds from sale of subsidiaries, net of cash disposed (105) 20,246 - -Other (1,481) (1,626) - (39)Net investing cash flows (337,974) (97,994) 459,047 162,444Cash flows from financing activitiesProceeds from issues of ordinary shares - 5,701 - 5,701Payments for purchase of ordinary shares (11,149) (1,467) (11,149) (1,927)Buy-back of ordinary shares (306,824) (80,193) (306,824) (80,193)Proceeds from borrowings 627,500 184,151 - -Repayment of borrowings (189,729) (240,614) - -Dividends paid - ordinary shares (95,835) (70,252) (95,835) (70,252)Dividends paid to minority interest in subsidiary (3,620) (7,693) - -Proceeds from finance leases 8,253 719 - -Repayment of finance leases (3,573) (2,597) - -Net financing cash flows 25,023 (212,245) (413,808) (146,671)Net increase/(decrease) in cash and cash equivalents held 34,382 10,732 6,663 (1,119)Cash and cash equivalents at the beginning of the financial year 86,801 72,801 597 1,580Exchange rate variations on foreign cash balances 3,052 3,268 582 136Cash and cash equivalents at the end of the financial year 36 124,235 86,801 7,842 597Refer to Note 36 for information in respect of any non cash financing and investing transactions.The above cash flow statements are presented in United States dollars and should be read in conjunction with theaccompanying notes.PAGE 40 Computershare Annual Report 2008