KU Annual Report 2008 | страница 35

21. Notes to the Cash Flow Statement
2008 2007 $ $
( a) Reconciliation of( Deficit)/ Surplus for the period to Net Cash Flows From Operating Activities
( Deficit) / Surplus for the period( 2,929,294) 1,764,008
Depreciation and amortisation of non-current assets
550,664
488,281
Loss /( Gain) on sale of non-current assets
15,823
( 2,125)
Unrealised Loss on investments
1,486,422
-
Dividends received
( 420,036)
( 405,981)
Interest received
( 394,294)
( 426,785)
Changes in net assets and liabilities:( Increase)/ decrease in current receivables and other assets
1,687,601
( 2,744,595)
Increase in current payables and other liabilities
3,274,229
3,342,880
Increase in provisions
585,698
623,744
Net cash from operating activities 3,856,813 2,639,427
( b) Reconciliation of Cash and Cash Equivalents
For the purposes of the cash flow statement, cash and cash equivalents include cash at bank and on hand. Cash and cash equivalents at the end of the financial year as shown in the cash flow statement is reconciled to the related items in the balance sheet as follows:
Cash and cash equivalents
16,148,516
14,104,293
Cash includes $ 10,421,457( 2007: $ 6,150,797) which is held for disbursement in accordance with government funding agreements, including to organisations other than KU.
22.
Financial Instruments( a) Capital Risk Management The capital structure of the company includes cash and cash equivalents and retained earnings.
( b) Categories of Financial Instruments
2008
2007
$
$
Financial assets Loans and receivables
2,066,458
4,211,264
Cash and cash equivalents
16,148,516
14,104,293
Available for sale financial assets
6,512,103
7,951,665
Financial Liabilities Trade and other payables
17,636,277
14,362,048
The carrying amount reflected above represent the Company’ s maximum exposure to credit risk for such loans and receivables.
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113th Annual Report 2008 35