For the MYOB Group Limited. Compare cash from operating activities with past years. Comment on any changes and reasons for the change.Compare cash from operating activities with past years. Comment on any changes and reasons for the change.

Consolidated statement of cash flows FOR THE HALF-YEAR ENDED 30 JUNE 2016 2016 June $'000 2015 June S000 Notes Cash flows from operating activities 200,817 (123,189) (8,059) Receipts from customers Payments to suppliers and employees Finance cost Secured bank loans/Subordinated Notes Income tax (paid) Interest Initial Public Offering costs (expensed) 179,865 (111,053) (22,444) 420 122 19,099 Net cash flows from operating activities 29.981 2.391 Cash flows from investing activities Purchase of property, plant and equipment Purchase of IP Capitalised core systems development Capitalised new product development Payments for investments Payment for acquisition of subsidiary, net of cash acquired (5,282) (1,200) (3,534) (9,776) (1,020) (1,100) (2,760) (3,977) (8,000) 12,321 29,178 Net cash flows used in investing activities 19,792 Cash flows from financing activities Shares issued Repayment of borrowings Interest paid on MRPS/Loan Notes Proceeds from borrowings Capital return Debt refinancing costs IPO Listing costs Dividends paid by parent entity 828,021 (1,035,176) (193,413) 435,485 (1,404) (2,136) (30,296) 29,223 Net cash flows from financing activities 29,223 1,081 Net increase / (decrease) in cash and cash equivalents Net foreign exchange differences Cash and cash equivalents at beginning of period 20,966 431 36.384 57,781 (706) (327) 5,044 4,011 Cash and cash equivalents at end of period The above consolidated statement of cash flows should be read in conjunction with the accompanying notes