KU Financial Report
22. Notes to the Cash Flow Statement
( a) Reconciliation of Surplus for the period to Net Cash Flows From Operating Activities
2013 $
Surplus for the period 2,868,786 2,956,032
Depreciation and amortisation of non-current assets 4,345,250 4,541,751 Loss /( Gain) on sale of non-current assets( 441,734)( 208,460) Realised gain on investments( 1,495,630)- Dividends received( 90,904)( 287,684) Interest received( 553,323)( 323,434) Interest paid 31,727- Government capital funding( 857,930)( 2,668,951) Finance lease adjustments( 1,017,654)- Make good adjustments( 1,543,019)-
Changes in net assets and liabilities: Decrease /( Increase) in current receivables and other assets( 387,742) 486,033( Decrease) / Increase in current payables and other liabilities( 1,429,290) 533,080 Increase in provisions 533,312 3,395,380
Net cash from( utilised by) operating activities( 38,151) 8,423,747( 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 27,193,392 19,501,774
Cash includes $ 3,158,928( 2012: $ 4,895,486) which is held for disbursement in accordance with government funding agreements, including two organisations other than KU.
2012 $
118th Annual Report 2013