FINANCIALS 2019
Statement of Cash Flows
for the Financial Year Ended 31 December 2019
KU
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Note 2019 2018
$ $
Cash flows from operating activities
Receipts from customers, government bodies and centres 122,325,318 112,962,567
Receipts from government brokered programs 24,672,382 27,031,567
Payments to suppliers and employees (111,286,408) (113,077,917)
Allocations to recipients of brokered programs (26,331,940) (25,622,183)
Net cash generated by operating activities 21(a) 9,379,352 1,294,034
Cash flows from investing activities
Payment for property, plant and equipment (11,490,059) (5,436,733)
Receipts from government capital grants 472,549 962,215
Interest received 736,788 856,886
Finance cost - (23,110)
Receipts for investments (term deposits) - 22,000,000
Net cash (utilised in)/generated by investing activities (10,280,722) 18,359,258
Cash flows from financing activities
Repayment of lease liabilities (2,545,666) (243,486)
Net cash utilised by financing activities (2,545,666) (243,486)
Net (decrease)/increase in cash and cash equivalents (3,447,036) 19,409,806
Cash and cash equivalents at the beginning of the financial year 54,665,881 35,256,075
Cash and cash equivalents at the end of the financial year 21(b) 51,218,845 54,665,881
The Statement of Cash Flows is to be read in conjunction with the attached notes.
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