Consolidated Statement of Cash Flows

For the year ended 30 June 2020

	Note	2020 $m	2019 $m
Cash flows from operating activities
Receipts from customers		13,333	14,426
Payments to suppliers and employees		(10,836)	(12,440)
Dividends received		16	27
Finance income received		4	11
Finance costs paid		(128)	(162)
Income taxes paid		(233)	(263)
Net cash provided by operating activities	34(b)	2,156	1,599
Cash flows from investing activities
Payments for property, plant and equipment and other assets		(758)	(915)
Payments for investments in associates and joint ventures		(11)	(60)
Payments for equity instrument financial assets		(29)	(27)
Payments for subsidiaries and businesses, net of cash acquired		(48)	-
Payments of deferred consideration		(33)	(35)
Payments for sale of joint operations, net of cash disposed		-	(2)
Proceeds from the sale of property, plant and equipment		-	6
Proceeds from the sale of subsidiaries and businesses, net of transaction costs		-	129
Net cash used in investing activities		(879)	(904)
Cash flows from financing activities
Payments for buy-back of shares		(620)	-
Purchase of shares on-market for equity based remuneration		(7)	(5)
Proceeds from borrowings		1,637	508
Repayment of borrowings		(1,543)	(772)
Dividends paid	8	(719)	(774)
Net cash used in financing activities		(1,252)	(1,043)
Net increase/(decrease) in cash and cash equivalents		25	(348)
Cash and cash equivalents at the beginning of the financial period		115	463
Effect of exchange rate changes on the balance of cash held in foreign currencies		1	-
Cash and cash equivalents at the end of the financial period	34(a)	141	115

The Consolidated Statement of Cash Flows should be read in conjunction with the notes to the financial statements.