Investor Presentaiton
Financial results
Cash flow reconciliation
Cash flow from operating activities
add back:
less:
less:
add back:
add back:
less:
add back:
Adjusted cash flow from operating activities
Add back: Rent free income
Less: Depreciation and amortisation (including deferred borrowing costs)
FFO
Less: payments from maintenance capex and incentives³
AFFO
Less: gross distribution
Cash surplus/(deficit)
dexus
30 June 2022
30 June 20211
$m
560.1
$m
999.3
payment for inventory acquisition and capex
cost of sale of inventory
14.8
86.7
(138.6)
(244.6)
tax on trading profits not yet paid
capitalised interest
(10.0)
(21.6)
8.3
adjustments for equity accounted distributions
80.5
1.8
(217.0)
other working capital movements
transaction costs²
126.0
61.6
63.8
10.3
704.9
676.5
76.0
53.4
(23.3)
(12.9)
757.6
717.0
(185.4)
(155.3)
572.2
(572.2)
0.0
561.7
(561.0)
0.7
1.
2.
Comparatives have been restated to reflect the impacts resulting from presentational changes made during FY22, to separately disclose segment information relating to Co-investments.
Includes costs associated with the implementation of the Simplification, APN acquisition and other successful transactions.
3.
Includes cash and fitout incentives, lease fees and rent-free incentives. As at 30 June 2022 cumulative actual and estimated rent waivers within rent free incentives is $3.1m for tenants not in arrears, of which $0.2m was recognised during FY22.
37
Dexus 2022 Annual Results Presentation
17 August 2022View entire presentation