b'< NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 June 2019NOTE 36. NET CASH FLOWS FROM OPERATING ACTIVITIESCONSOLIDATED2019 2018$ $a) Reconciliation of loss after income tax to net cash from operating activitiesLoss after income tax expense for the year (193,772,737) (124,248,871)Adjustments for: Depreciation and amortisation 10,127,357 9,981,320 Impairment of assets 200,084,349 143,860,973 Share-based payments 279,037 280,269 Non-cash finance costs 1,390,685 3,839,305 Gain on revaluation of derivative financial liability(681,507)Change in operating assets and liabilities: (Increase)/decrease in trade and other receivables (1,997,898) 9,505,655 Decrease/(increase) in inventories 248,020 (503,870) Decrease/(increase) in other operating assets 1,219,842 (1,390,974) Increase/(decrease) in trade and other payables 9,679,172 (7,180,789) (Decrease)/increase in provision for income tax (243,706) 880,635 (Decrease)/increase in provisions for employee benefits (557,651) 290,058Net cash from operating activities 26,456,470 34,632,204b) Change in liabilities arising from financing activitiesBorrowings at beginning of the year (Note 22) 70,401,487Repayments (39,749,023)Foreign exchange adjustments 3,900,212Other non-cash movements 1,390,685Borrowings at end of the year (Note 22) 35,943,361DONACO INTERNATIONAL LIMITED 2019 ANNUAL REPORT 81'