for the year ended 30 June 2023 FINANCIAL REPORT CONSOLIDATED STATEMENT OF CASH FLOWS 52 Westgold Resources Limited Annual Report 2023 Notes 2023 2022 OPERATING ACTIVITIES Receipts from customers 654,368,748 647,576,036 Interest received 3,457,455 220,263 Receipts from other income 3,295,285 3,080,832 Payments to suppliers and employees (491,001,745) (469,372,796) Interest paid (1,686,525) (1,648,881) Net cash flows from operating activities 10 168,433,218 179,855,454 INVESTING ACTIVITIES Payments for property, plant and equipment (45,273,252) (37,738,519) Payments for mine properties and development (95,357,436) (150,540,448) Payments for exploration and evaluation (18,909,901) (18,190,290) Payment for financial assets (1,955,248) (2,390,258) Proceeds from sale of financial assets 15 476,062 – Payments for performance bond facility (2,219,410) (780,584) Proceeds from sale of property, plant and equipment 5,165,090 8,630,810 Net cash flows used in investing activities (158,074,095) (201,009,289) FINANCING ACTIVITIES Payment of equipment loans 4(f) (10,155,112) (28,133,801) Payment for lease liabilities (6,493,658) (9,037,306) Proceeds from share issue 26(b) – 100,800,000 Payments for share issue costs – (4,132,800) Payments for dividends – (6,324,785) Net cash flows from (used in) financing activities (16,648,770) 53,171,308 Net (decrease)/increase in cash and cash equivalents (6,289,647) 32,017,473 Cash and cash equivalents at the beginning of the financial year 182,701,502 150,684,029 Cash and cash equivalents at the end of the year 10 176,411,855 182,701,502
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