CCF Annual Report 2016/17 Financial Year | Page 46

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2017
2017 $
2016 $
CASH FLOWS FROM OPERATING ACTIVITIEs
Cash receipts in the course of operations
2,569,866 2,481,905
Cash receipts from related parties – Branches 59,020 50,812
Interest received 19,953 53,402
(105,098) (137,313)
Cash payments in the course of operations (2,364,034) (2,405,187)
Net cash provided by (used in) operating
activities 179,707 43,619
Cash payments to related parties - Branches
CASH FLOWS FROM INVESTING ACTIVITIES
Payment for plant and equipment
Proceeds from disposal of plant and
equipment
Net cash provided by (used in) investing
activities
(1,671,560) (101,532)
3,953 42,142
(1,667,607) (59,390)
CASH FLOWS FROM FINANCING ACTIVITIES
Net repayment of hire purchases (39,386) (16,114)
Borrowings - net 818,255 -
Net cash provided by (used in) financing
activities 778,869 (16,114)
Net increase/(decrease) in cash held (709,031) (31,885)
Cash at the beginning of the financial year 1,602,324 1,634,209
cash at end of financial
year 893,293 1,602,324