For the year ended 31 December 2016
Note
|
2016 |
2015 |
|
$ |
$ |
||
CASH FLOWS FROM OPERATING ACTIVITIES:
Receipts from customers
|
8,941,314 |
7,738,991 |
|
Payments to suppliers and employees |
( 7,423,054)( 6,567,063) |
||
Net cash provided by /( used in)
operating activities
|
1,518,260 |
1,171,928 |
|
CASH FLOWS FROM INVESTING ACTIVITIES: |
|||
Payment for plant and equipment |
9,( a)( 918,616) |
( 4,589,579) |
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings
|
- |
4,229,614 |
|
Payment of Borrowings |
( 570,862) |
( 737,109) |
|
Net cash used by financing activities |
( 570,862) |
3,492,505 |
|
Net increase /( decrease) in cash and cash equivalents held |
28,782 |
74,854 |
|
Cash and cash equivalents at
beginning of year
|
342,032 |
267,178 |
|
Cash and cash equivalents at end of |
|||
financial year |
6 |
370,814 |
342,032 |