Cue Energy Resources Limited Statement of cash flows For the year ended 30 June 2023 Consolidated Note 2023 2022 $'000 $'000 The above statement of cash flows should be read in conjunction with the accompanying notes 4 Cash flows from operating activities Receipts from customers 43,458 43,548 Interest received 432 11 Payments to suppliers and employees (18,845) (15,790) Payments for exploration and evaluation expenditure (2,618) (1,885) Income tax paid (6,738) (7,274) Royalties paid (2,353) (943) 13,336 17,667 Interest and other finance costs paid (683) (5) Net cash from operating activities 24 12,653 17,662 Cash flows from investing activities Payments for exploration, development and production properties (11,261) (6,588) Payments for plant and equipment (5) (5) Payment for businesses acquired 22 (6,082) (12,522) Payments for security bonds (282) - Net cash used in investing activities (17,630) (19,115) Cash flows from financing activities Payments of principal element of lease liabilities (81) (48) Proceeds from borrowings, net of fees - 6,895 Repayment of borrowings (3,000) - Net cash from/(used in) financing activities (3,081) 6,847 Net increase/(decrease) in cash and cash equivalents (8,058) 5,394 Cash and cash equivalents at the beginning of the financial year 23,223 17,644 Effects of exchange rate changes on cash and cash equivalents and restricted cash 73 185 Cash and cash equivalents at the end of the financial year 15,238 23,223 Statement of cash flows 50 Cue Energy Resources Limited Annual Report 2023
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