KU Financial Report KU Financial Report 2021 | Page 14

KU2021
Statement of Cash Flows for the Year Ended 31 December 2021
Cash flows from operating activities
2021 $
Restated 2020
$
Receipts from customers , government bodies and centres 117,192,520 134,072,642 Receipts from Brokered Programs 28,578,964 30,573,742 Payments to suppliers and employees ( 115,554,126 ) ( 118,658,515 ) Allocations to recipients of brokered programs ( 28,347,613 ) ( 25,709,234 ) Net cash generated by operating activities 1,869,745 20,278,635
Cash flows from investing activities Payment for property , plant and equipment
( 9,721,989 )
( 5,341,207 )
Receipts from government capital grants
1,180,205
186,554
Interest received
98,095
255,284
Finance costs
( 28,301 )
( 35,906 )
Investments in term deposits
5,000,000
( 5,500,000 )
Proceeds from disposal of fixed assets
-
53,073
Net cash ( utilised in )/ generated by investing activities
( 3,471,990 )
( 10,382,202 )
Cash flows from financing activities Payment of lease liabilities
( 3,443,404 )
( 2,965,119 )
Additions to lease liabilities
285,094
-
Net cash ( utilised )/ generated by financing activities
( 3,158,310 )
( 2,965,119 )
Net increase in cash and cash equivalents ( 4,760,555 ) 6,931,314 Cash and cash equivalents at the beginning of the financial year 58,150,159 51,218,845
Cash and cash equivalents at the end of the financial period 53,389,604 58,150,159
The Statement of Cash Flows is to be read in conjunction with the notes .
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