XRO
31/10/2014 15:48
QUARTER
REL: 1548 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 September 2014.
Net cash outflows from operating and investing activities for the current
quarter were NZ$22.6 million compared with NZ$17.3 million for the June 2014
quarter. The table below provides a summary of the percentage increase in
cash flows for the current quarter and half year with the comparative periods
last year.
[See PDF for table]
Items to note:
- Growth in receipts from customers is in line with reported revenue
increase.
- Payments for staff costs exceed headcount growth over the same period due
to the timing of cash flows and lower capitalisation rates of software
development salaries (which increases payments for staff costs and reduces
payments for intellectual property).
- Payments for physical non current assets include the fit out of offices in
Milton Keynes and Auckland.
Xero had cash and short term deposit balances of NZ$170.8 million at 30
September 2014.
End CA:00257094 For:XRO Type:QUARTER Time:2014-10-31 15:48:07
