Note |
2016 |
2015 |
$ |
$ |
|
CASH FLOWS FROM OPERATING ACTIVITIES Net income for the year |
3,056,028 |
3,497,909 |
Adjustments for: Amortisation of capital grants |
( 194,260) |
( 222,306) |
Depreciation |
1,120,994 |
1,173,212 |
Interest income |
( 27,048) |
( 11,119) |
Loss on disposal of equipment |
1,426 |
210 |
------------- |
------------- |
|
Operating surplus before working capital changes |
3,957,140 |
4,437,906 |
Changes in working capital: Trade and other receivables |
( 157,517) |
( 114,577) |
Trade and other payables |
( 93) |
462,464 |
------------- |
------------- |
|
Net cash from operating activities |
3,799,530 |
4,785,793 |
------------- |
------------- |
CASH FLOWS FROM INVESTING ACTIVITIES Purchase of equipment |
( 461,184) |
( 701,308) |
Proceeds from disposal of equipment |
600 |
- |
Interest received |
27,048 |
11,119 |
------------- |
------------- |
|
Net cash used in investing activities |
( 433,536) |
( 690,189) |
------------- |
------------- |
CASH FLOWS FROM FINANCING ACTIVITIES Capital grants received |
- |
58,680 |
------------- |
------------- |
|
Net cash from financing activities |
- |
58,680 |
------------- |
------------- |
NET INCREASE IN FIXED DEPOSITS, |
||
CASH & BANK BALANCES |
3,365,994 |
4,154,284 |
FIXED DEPOSITS, CASH & BANK BALANCES AT BEGINNING OF YEAR |
12,635,579 |
8,481,295 |
-------------- |
--------------- |
|
FIXED DEPOSITS, CASH & BANK BALANCES AT END OF YEAR |
16,001,573 |
12,635,579 |
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