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