KU Annual Report 2007 | Page 23

STATEMENT OF RECOGNISED INCOME & EXPENSE
CASH FLOW STATEMENT

STATEMENT OF RECOGNISED INCOME & EXPENSE

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2007
NOTE
2007
2006
$
$
Loss on available-for-sale investments
15
-
( 318,406)
( Loss)/ gain on revaluation of available-for-sale investments taken in equity
15
( 139,790)
512,945
Net income recognised directly in equity
( 139,790)
194,539
Surplus for the period
1,764,008
2,760,891
Total recognised income and expense for the period
1,624,218
2,955,430

CASH FLOW STATEMENT

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2007
NOTE
2007
2006
$
$
Cash Flows from Operating Activities Receipts from customers, government bodies and centres
60,740,908
62,372,826
Payments to suppliers and employees
( 58,101,481)
( 58,527,614)
Net cash provided by operating activities
20( a)
2,639,427
3,845,212
Cash Flows from Investing Activities Payment for property, plant and equipment
( 1,784,641)
( 1,968,711)
Proceeds from sale of available-for-sale financial assets
-
7,155,389
Payment for available-for-sale financial assets
-
( 7,155,389)
Interest received
426,785
398,205
Proceeds from sale of property, plant and equipment
46,310
88,059
Net cash used in investing activities( 1,311,546)( 1,482,447) Net increase in cash and cash equivalents 1,327,881 2,362,765
Cash and cash equivalents at the beginning of the financial year 12,776,412 10,413,647
Cash and cash equivalents at the end of the financial year 20( b) 14,104,293 12,776,412
Notes to the financial statements are included on pages 24 to 35.
KU’ s 112 th Annual Report 2007 23