KU Financial Report
Statement of Cash Flows
for the Financial Year Ended 31 December 2016
Note
2016
$ 2015
$
117,498,175 113,700,087
16,535,879 8,245,596
(110,064,862) (104,840,052)
(16,946,074) (7,698,116)
7,023,118 9,407,515
(1,068,176) (1,322,645)
63,374 520,088
Interest received 894,997 757,172
Finance cost (30,770) (25,266)
1,000,000 (4,000,000)
859,425 (4,070,651)
Payment for finance leases (281,641) (258,187)
Net cash utilised by financing activities (281,641) (258,187)
Net (decrease)/ increase in cash and cash equivalents 7,600,902 5,078,677
31,169,874 26,091,197
38,770,776 31,169,874
Cash flows from operating activities
Receipts from customers, government bodies and centres
Receipts from government brokered programs
Payments to suppliers and employees
Allocations to recipients of brokered programs
Net cash generated by/(utilised in) operating activities
21(a)
Cash flows from investing activities
Payment for property, plant and equipment
Receipts from government capital grants
Transfers of Cash to/(from) Term Deposits
Net cash (utilised in)/generated by investing activities
Cash flows from financing activities
Cash and cash equivalents at the beginning of the financial year
Cash and cash equivalents at the end of the financial year
21(b)
The Statement of Cash Flows is to be read in conjunction with the attached notes.
121st Annual Report 2016