Consolidated Cash Flow Statements for the six months ended 31 December 2008 (Unaudited)

(NZD in thousands)	Note	6 months to Dec 2008	6 months to Dec 2007
Receipts from customers		862,320	763,406
Interest received		1,163	902
Payments to suppliers and employees		(798,208)	(698,607)
Interest paid		(14,241)	(13,051)
Dividends received		710	1,348
Income taxes paid		(7,478)	(9,940)
Net cash from operating activities	3	44,266	44,058
Disposal of fixed assets		51	27
Acquisition of fixed assets		(12,498)	(21,387)
Purchases of businesses, net of cash acquired	4	(4,000)	(14,314)
Disposal of businesses, net of cash disposed of		1,044	-
Net cash from investing activities		(15,403)	(35,674)
Proceeds from borrowings		12,600	49,650
Repayment of borrowings		(15,175)	(32,274)
Dividends paid to shareholders		(13,996)	(10,294)
Dividends paid to minority interests		(318)	(1,108)
Net cash from financing activities		(16,889)	5,974
Increase in cash		11,974	14,358
Cash at 1 July		50,843	26,462
Exchange rate adjustment		6,081	399
Cash at 31 December		68,898	41,219
Comprising:
Cash balances		65,949	41,219
Cash on call deposit		2,949	-