KU Annual Report KU Annual Report 2017 | Page 52

FINANCIALS 21. Notes to the Cash Flow Statement 2017 2016 $ $ Surplus for the period 5,738,080 5,563,232 Depreciation and Amortisation of non-current assets 1,778,827 1,933,337 - 24,289 (961,081) (894,997) 24,540 30,770 Government capital funding (62,956) (63,374) Finance Lease adjustments (6,589) (13,734) (17,320) 66,135 Decrease in trade receivables and other assets (644,448) (179,078) Increase/(Decrease) in trade payables and other liabilities (226,876) (292,946) Increase in provisions 1,455,093 849,483 Net cash generated from/(utilised in) operating activities 7,077,270 7,023,118 (a) Reconciliation of (Deficit)/Surplus for the period to Net Cash Flows From Operating Activities Gain on sale of non current assets KU 20 17 Interest received Finance costs Make good adjustments Movements in working capital: (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 Statement of Cash Flows is reconciled to the related items in the balance sheet as follows: Cash and cash equivalents 35,256,075 38,770,776 22,000,000 15,000,000 22,000,000 15,000,000 22. Term deposits Term deposits Term deposits comprise term deposit investments held with various banks. The maturity periods on these investments from the date of purchase range between 3 to 5 months. 28