KU Financial Report KU Financial Report 2020 | Page 14

KU2020
Statement of Cash Flows for the Year Ended 31 December 2020
Cash flows from operating activities
2020 2019 $ $
Receipts from customers , government bodies and centres
134,072,642
122,325,318
Receipts from Brokered Programs
30,573,742
24,672,382
Payments to suppliers and employees
( 118,082,505 )
( 111,286,408 )
Allocations to recipients of brokered programs
( 25,709,234 )
( 26,331,940 )
Net cash generated by operating activities
20,854,645
9,379,352
Cash flows from investing activities Payment for property , plant and equipment
( 5,917,217 )
( 11,490,059 )
Receipts from government capital grants
186,554
472,549
Interest received
255,284
736,788
Finance costs
( 35,906 )
-
Investments in term deposits
( 5,500,000 )
-
Proceeds from disposal of fixed assets
53,073
-
Net cash ( utilised in )/ generated by investing activities
( 10,958,212 )
( 10,280,722 )
Cash flows from financing activities Payment of lease liabilities
( 2,965,119 )
( 2,575,666 )
Net cash ( utilised )/ generated by financing activities
( 2,965,119 )
( 2,575,666 )
Net increase in cash and cash equivalents
6,931,314
( 3,477,036 )
Cash and cash equivalents at the beginning of the financial year
51,218,845
54,665,881
Cash and cash equivalents at the end of the financial period
58,150,159
51,188,845
The Statement of Cash Flows is to be read in conjunction with the notes .
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