FINANCIALS 2018
21. Notes to the Statement of Cash Flows
2018 2017
$ $
Surplus for the period 2,858,879 5,738,080
Depreciation and Amortisation of non-current assets 1,812,926 1,778,827
Interest received (856,886) (961,081)
23,110 24,540
(962,215) (62,957)
14,352 (6,588)
(200,279) (17,320)
1,245,682 (644,448)
(a) Reconciliation of (Deficit)/Surplus for the period to
Net Cash Flows From Operating Activities
Finance costs
Government capital funding
KU
20
18
Finance Lease adjustments
Make good adjustments
Movements in working capital:
Decrease/(Increase) in trade receivables and other assets
(Decrease) in trade payables and other liabilities
(4,487,284) (226,876)
Increase in provisions 1,845,749 1,455,093
Net cash generated from operating activities 1,294,034 7,077,270
(b) Reconciliation of Cash and Cash Equivalents
For the purposes of the Statement of Cash Flows, 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 Statement of Cash Flows is
reconciled to the related items in the balance sheet as follows:
Cash and cash equivalents
54,665,881 35,256,075
54,665,881 35,256,075
The cash balance includes maturing term deposits with a term of 3 months or less. In the prior year term
deposits with a term of more than 3 months were disclosed in Note 22.
22. Term deposits
Term deposits
- 22,000,000
- 22,000,000
Term deposits comprise term deposit investments held with various banks. The maturity periods on these investments
from the date of purchase range between 3 to 10 months. Term Deposits for 2018 are shown as NIL due to them all
having a maturity period of less than 3 months from date of purchase until the 31st December 2018.
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