STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST DECEMBER, 2013
2013
2012
Net surplus for the year
Adjustments for:
Depreciation
Net movements in reserves
Prior year adjustment
1,884,860
2,026,259
Cash provided by operating activities before working capital changes
Decrease in accounts receivable and prepayments
(Decrease)/increase in non-interest bearing liabilities
(Decrease)/increase in pension benefit
2,124,406
998,596
(714,613)
(86,128)
1,975,311
1,986,821
1,789,264
269,753
2,322,261
6,021,149
655
(392,235)
(24,736)
1,532,834
(20,285,493)
6,134
(485,514)
(6,533,540)
(13,812)
(8,641,110)
(19,168,975)
(15,667,842)
(578,857)
(811,224)
(43,599)
5,916,374
12,392,162
(425,217)
(1,270,896)
(23,245)
6,357,918
10,572,820
16,874,856
15,211,380
28,142
5,564,687
OPERATING ACTIVITIES
Cash provided by operating activities
295,728
(56,182)
-
233,650
(94,470)
(190,128)
INVESTING ACTIVITIES
Disposal of equipment
Purchase of property, plant and equipment
Increase in investment property
Decrease/(increase) in financial assets
Increase in members’ loans
Cash used in investing activities
FINANCING ACTIVITIES
Dividends paid
Repayment of borrowings
Decrease in grant fund
Increase in members’ shares
Increase in members’ deposits
58
Cash provided by financing activities
Increase in cash and cash equivalents
Cash and cash equivalents - at the beginning of the year
- at the end of the year
4,361,849
(1,202,838)
$4,389,991
$4,361,849
The notes on pages 59 to 82 form an integral part of these financial statements