KU2022
19 . Note to the Statement of Cash Flows
( a ) Reconciliation of Deficit for the year to Net Cash Flows From Operating Activities
2022 2021 $ $
Deficit for the period ( 1,503,828 ) ( 3,815,346 ) Depreciation and Amortisation of non-current assets 4,926,485 5,380,371 Interest received ( 492,074 ) ( 98,095 ) Finance costs 29,198 28,301 Government capital funding ( 984,928 ) ( 1,049,816 ) Decrease /( Increase ) in trade receivables and other assets ( 962,467 ) 470,630 Increase /( Decrease ) in trade payables and other liabilities 2,577,187 ( 456,196 ) Increase in provisions ( 557,499 ) 838,655 Gain on disposal of fixed assets ( 5,610 ) 601,241 Make Good Adjustments - ( 30,000 ) Net cash generated from operating activities 3,026,464 1,869,745
( 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 :
2022 2021
$ $ Cash and cash equivalents 50,019,155 53,389,604
The cash balances include maturing term deposits with a term of 3 months or less .
20 . Term deposits
|
2022 |
2021 |
|
$ |
$ |
Term deposits with a term of more than 3 months |
2,500,000 |
500,000 |
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