Balance at 1 January 2008 |
10,403,915 |
800,000 |
1,085,035 |
373,155 |
12,662,105 |
Deficit for the year |
( 2,929,294 ) |
- |
- |
- |
( 2,929,294 ) |
Transfer ( from ) / to retained earnings |
( 126,728 ) |
- |
126,728 |
- |
- |
Valuation loss on recognised on impairment of financial asset |
- |
- |
- |
( 1,859,577 ) |
( 1,859,577 ) |
Cumulative unrealised loss transferred to income statement |
- |
- |
- |
1,486,122 |
1,486,122 |
Balance at 31 December 2008 |
7,347,893 |
800,000 |
1,211,763 |
- |
9,359,656 |
Balance at 1 January 2009 |
7,347,893 |
800,000 |
1,211,763 |
- |
9,359,656 |
Deficit for the year |
( 48,086 ) |
- |
- |
- |
( 48,086 ) |
Net transfers ( from ) / to retained earnings |
768,311 |
( 800,000 ) |
31,689 |
- |
- |
Valuation gain recognised |
- |
- |
- |
1,049,451 |
1,049,451 |
Balance at 31 December 2009 |
8,068,118 |
- |
1,243,452 |
1,049,451 |
10,361,021 |
Cash flows from operating activities Receipts from customers , government bodies and centres |
74,506,668 |
73,767,929 |
Receipts from Government brokered programs |
52,546,466 |
1,222,337 |
Total receipts |
127,053,134 |
74,990,266 |
Payments to suppliers and employees |
( 80,969,748 ) |
( 70,138,753 ) |
Allocations to recipients of brokered programs |
( 31,893,298 ) |
( 994,700 ) |
Total Payments |
( 112,863,046 ) |
( 71,133,453 ) |
Net cash provided by operating activities |
22 ( a ) |
14,190,088 |
3,856,813 |
Cash flows from investing activities Payment for property , plant and equipment |
( 3,043,969 ) |
( 2,206,824 ) |
|
Interest received |
162,160 |
394,234 |
|
Dividends |
138,931 |
- |
|
Proceeds from sale of property , plant and equipment |
13,090 |
- |
|
Net cash used in investing activities |
( 2,729,788 ) |
( 1,812,590 ) |
|
Net increase in cash and cash equivalents |
11,460,300 |
2,044,223 |
|
Cash and cash equivalents at the beginning of the financial year |
16,148,516 |
14,104,293 |
|
Cash and cash equivalents at the end of the financial year |
22 ( b ) |
27,608,816 |
16,148,516 |