44 11 EQUESTRIAN AUSTRALIA LIMITED ABN 19 077 455 755 STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2018 2018 2017 Note $ $ Cash flows from operating activities Government grants received 2,631,907 3,566,144 Other receipts in the course of operations 3,553,821 2,695,783 Payments to suppliers and employees (5,265,300) (5,707,148) Interest received 2,428 1,441 Net cash provided by / (used in) operating activities 21 (ii) 922,856 556,220 Cash flows from investing activities Proceeds from sale of property, plant and equipment - 45,000 Payments for property, plant and equipment (9,092) (24,401) Payments for intangible assets - (18,000) Net cash provided by / (used in) investing activities (9,092) 2,599 Cash flows from financing activities Proceeds from borrowings 16 (209,299) 209,121 Net cash provided by / (used in) financing activities (209,299) 209,121 Net increase (decrease) in cash held 704,466 767,940 Cash on hand at beginning of the financial year 838,911 70,971 Cash at end of the financial year 21 (i) 1,543,377 838,911 The accompanying notes on pages 45-64 form an integral part of these accounts