KU2021
21 . Note to the Statement of Cash Flows
( a ) Reconciliation of ( Deficit )/ Surplus for the year to Net Cash Flows From Operating Activities
2021 2020 $ $
( Deficit )/ Surplus for the period ( 3,815,346 ) 7,256,147 Depreciation and Amortisation of non-current assets 5,380,371 5,149,333 Interest received ( 98,095 ) ( 255,283 ) Finance costs 28,301 35,906 Government capital funding ( 1,049,816 ) ( 186,553 ) Decrease /( Increase ) in trade receivables and other assets 470,630 324,538 ( Decrease ) in trade payables and other liabilities ( 456,196 ) 5,759,750 Increase in provisions 838,655 2,202,590 Gain on disposal of fixed assets 601,241 ( 7,793 ) Make Good Adjustments ( 30,000 ) - Net cash generated from operating activities 1,869,745 20,278,635
( 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 :
2021 2020
$ $ Cash and cash equivalents 53,389,604 58,150,159
The cash balances include maturing term deposits with a term of 3 months or less .
22 . Term deposits
|
2021 |
2020 |
|
$ |
$ |
Term deposits with a term of more than 3 months |
500,000 |
5,500,000 |
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