22. Notes to the Cash Flow Statement
2009
$
2008
$
(a) Reconciliation of (Deficit) / Surplus for the period to Net Cash Flows
From Operating Activities
(Deficit) / Surplus for the period
(48,086) (2,929,294)
669,189
6,739
-
(138,931)
(162,160) 550,664
15,823
1,486,422
(420,036)
(394,294)
Changes in net assets and liabilities:
(Increase)/decrease in current receivables and other assets
Increase in current payables and other liabilities
Increase in provisions (407,570)
13,088,572
1,182,334 1,687,601
3,274,229
585,698
Net cash from operating activities 14,190,088 3,856,813
27,608,816 16,148,516
Depreciation and amortisation of non-current assets
Loss / (Gain) on sale of non-current assets
Unrealised Loss on investments
Dividends received
Interest received
(b) Reconciliation of Cash and Cash Equivalents
For the purposes of the cash flow statement, cash and cash equivalents include
cash at bank and on hand. Cash and cash equivalents at the end of the
financial year as shown in the cash flow statement is reconciled to the related
items in the balance sheet as follows:
Cash and cash equivalents
Cash includes $22,022,809 (2008: $10,421,457) which is held for disbursement
in accordance with government funding agreements, including to organisations other than KU.
23. Financial Instruments
(a) Capital Risk Management
The capital structure of the company includes cash and cash equivalents and retained earnings.
(b) Categories of Financial Instruments
2009
$
2008
$
Financial assets
Loans and receivables
Cash and cash equivalents
Available for sale financial assets 2,523,613
27,608,816
7,561,554 2,066,458
16,148,516
6,512,103
Financial Liabilities
Trade and other payables 30,724,789 17,636,217
The carrying amount reflected above represent the Company’s maximum
exposure to credit risk for such loans and receivables.
Continues...
114th Annual Report 2009
35