XRO
31/07/2014 15:41
QUARTER
REL: 1541 HRS Xero Limited
QUARTER: XRO: Quarterly Cashflow Report
Under the conditions of listing on the ASX in November 2012, Xero Limited is
required to provide quarterly cash flow reports to the ASX. This unaudited
cash flow report is for the quarter ended 30 June 2014.
Net operating and investing cash outflows for the current quarter were
NZ$17.3 million compared with NZ$11.8 million for the March 2014 quarter.
Given the seasonal nature of the Xero business, year on year comparisons
provide the clearest view of growth trends. The table in the attached PDF
compares key cash flows in the June 2014 quarter to those in the June 2013
quarter.
The increase in staff costs is in line with headcount growth. The 103%
increase in payments for other operating costs is higher than growth in
actual expenditure due to cash flow timings. Overall the increase in
receipts from customers reflects the continuation of strong growth in revenue
while the increase in costs reflects the ongoing investment in building the
business for the future.
Xero had cash balances of $192.7 million at 30 June 2014.
See PDF for full Quarterly Cashflow Report for the quarter ended 30 June
2014.
End CA:00253353 For:XRO Type:QUARTER Time:2014-07-31 15:41:05
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