Page 58 - GMT and GMT Bond Issuer Annual Report 2017 v2

NOTES TO THE
13. RECONCILIATION OF PROFIT AFTER TAX TO NET CASH FLOWS FROM OPERATING ACTIVITIES
$ million
Profit after tax
Non-cash items:
Movement in fair value of investment property Loss on disposal of investment property Deferred lease incentives
Deferred leasing costs
Fixed rental income adjustments
Share of profit arising from joint venture
Issue costs and subsequent amortisation for non-bank borrowings
Movement in fair value of derivative financial instruments
Manager’s base fee expected to be reinvested in units
Deferred tax
Net cash flows from operating activities before changes in assets and liabilities
Movements in working capital from:
Trade and other receivables Trade and other payables Current tax liabilities Movements working capital
Net cash flows from operating activities
2017 2016
213.8 233.1
FINANCIAL
STATEMENTS
(114.7)
4.3 1.1
(0.5) 5.2 (1.4) (1.2) (1.1) (1.1) (7.0) (4.0) 0.8 (2.6) 2.5 5.3 0.7 0.2
(11.1) (3.0)
86.3 87.2
(1.0) (2.0) 1.9 1.3 (1.7) 1.6
(0.8) 0.9
85.5 88.1
continued
For the year ended 31 March 2017
(145.8)
GOODMAN PROPERTY TRUST ANNUAL REPORT 2017 FINANCIAL STATEMENTS
56 NOTES TO THE FINANCIAL STATEMENTS