SALGA annual report 2016/17 SALGA ANNUAL REPORT 201617 PRINTED FINAL | Page 172

South African Local Government Association
Schedule 3A public entity i. t. o. the Public Finance Management Act, 1999 and recognised i. t. o. the Organised Local Government Act, 1997 Annual Financial Statements for the year ended 31 March 2017
Cash Flow Statement
Figures in Rand
Note( s)
2017
2016
Cash flows from operating activities Cash receipts from customers
568 060 682
475 187 061
Cash paid to suppliers and employees
( 564 281 468)
( 516 140 931)
Net cash flows from operating activities
3 779 214
( 40 953 870)
Interest received
24
19 887 101
18 078 608
Interest paid
27
( 1 464 764)
( 1 027 684)
Cash generated from /( utilised in) operations
30
22 201 551
( 23 902 946)
Cash flows from investing activities Purchase of property, plant and equipment
3
( 9 784 470)
( 9 954 062)
Proceeds from sale of property, plant and equipment
244 952
249 219
Purchase of intangible assets
4
( 32 718)
-
Movement in financial assets
( 2 346 897)
( 11 414)
Net cash flows from investing activities
( 11 919 133)
( 9 716 257)
Cash flows from financing activities
Finance lease payments
( 211 611)
( 629 771)
Net cash flows from financing activities
( 211 611)
( 629 771)
Net increase /( decrease) in cash and cash equivalents
10 070 807
( 34 248 974)
Cash and cash equivalents at the beginning of the year
120 199 562
154 448 536
Cash and cash equivalents at the end of the year
10
130 270 369
120 199 562
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