KU Annual Report KU Annual Report 2018 | Page 37

FINANCIALS 2018 Statement of Cash Flows for the Financial Year Ended 31 December 2018 Note 2018 2017 $ $ 112,962,567 116,156,239 27,031,567 22,723,604 (113,077,917) (110,916,367) (25,622,183) (20,886,206) 1,294,034 7,077,270 (5,436,733) (4,289,836) Receipts from government capital grants 962,215 62,957 Interest received 856,886 961,081 Finance cost (23,110) (24,540) Receipts/(payments) for investments (term deposits) 22,000,000 (7,000,000) Net cash generated/(utilised in) by investing activities 18,359,258 (10,290,338) Payment for finance leases (243,486) (301,633) Net cash utilised by financing activities (243,486) (301,633) Net increase/(decrease) in cash and cash equivalents 19,409,806 (3,514,701) Cash and cash equivalents at the beginning of the financial year 35,256,075 38,770,776 54,665,881 35,256,075 Cash flows from operating activities Receipts from customers, government bodies and centres Receipts from government brokered programs Payments to suppliers and employees Allocations to recipients of brokered programs Net cash generated by operating activities 21(a) Cash flows from investing activities Payment for property, plant and equipment Cash flows from financing activities Cash and cash equivalents at the end of the financial year 21(b) The Statement of Cash Flows is to be read in conjunction with the attached notes. 11 KU 20 18