McConnell Dowell 2020 Annual Review

76 McConnell Dowell Group Consolidated Notes to the annual financial statements (continued) for the year ended 30 June 2020 All figures are in A$ 000’s Note 2020 2019 7. Trade and other receivables (continued) 7(c) Construction work in progress Total work in progress 47,192 98,709 Total progress billings in advance 13 (97,667) (65,142) Net construction work in progress (50,475) 33,567 As at 30 June 2020, the Group has amounts due from customers of $47.2 million (2019: $98.7 million) which is net of the provision for expected credit loss which is immaterial to the Group. 8. Statement of cash flows reconciliation (i) Reconciliation of cash Cash at the end of the financial period as shown in the statement of cash flows is reconciled to the related items in the statement of financial position as follows: Cash at bank 110,096 67,663 Cash in joint operations 8(a) 29,031 35,086 Cash on hand 77 94 Total cash and cash equivalents 139,204 102,843 8(a) C ash assets held in joint operations are available for use by the Group with the approval of the joint operation partners (ii) R econciliation of net cash flows from operating activities to operating profit after tax Net (loss) / profit after tax from continuing operations (16,494) 7,785 Revenue impact relating to non-cash impairment 19,169 - Depreciation & impairment of property, plant & equipment 9 (a) 12,941 12,440 Depreciation of right of use assets 9 (b) 13,314 - Share of associated companies losses 1,216 3,656 Effect of foreign exchange movements (5,684) (3,657) Net gain on disposal of fixed assets (7,038) (3,382) Decrease in receivables & other assets 28,596 27,390 Decrease / (Increase) in inventory 2,724 (2,079) Decrease in deferred tax asset (718) (342) Increase / (Decrease) in trade & other payables 2,761 (73,967) (Decrease) / Increase in provisions (34) 65 Decrease / (Increase) in income tax receivable 141 (1,390) Net cash inflow / (outflow) from operating activities 50,894 (33,481)