City Care Performance Report 2004 Page 41
39
STATEMENT OF
CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2004
The accompanying accounting policies and notes form part of these financial statements
2004
2003
Note
$000's
$000's
CASH FLOWS FROM OPERATING ACTIVITIES
Cash was provided from:
Receipts from customers
59,969
51,912
Interest received
6
40
59,975
51,952
Cash was applied to:
Payments to suppliers and employees
(55,697)
(46,705)
Subvention payment
(1,075)
(1,684)
Taxation refund/(payment)
-
(3)
Interest paid
(359)
(99)
(57,131)
(48,491)
Net cash inflow/(outflow) from operating activities
13
2,844
3,461
CASH FLOWS FROM INVESTING ACTIVITIES
Cash was provided from:
Proceeds of sale of fixed assets
664
354
Cash was applied to:
Purchase of fixed assets
(5,513)
(3,823)
Net cash inflow/(outflow) from investing activities
(4,849)
(3,469)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash was provided from:
Bank funding
3,600
3,100
3,600
3,100
Cash was applied to:
Finance lease payments
(218)
-
Repayment of redeemable preference shares
-
(2,900)
Dividends paid
(1,189)
(1,432)
(1,407)
(4,332)
Net cash inflow/(outflow) from financing activities
2,193
(1,232)
Net inflow/(outflow) of cash
188
(1,240)
Add opening cash
(26)
1,214
Closing cash balance
162
(26)
Represented by:
Cash/(Overdraft)
162
(26)
Closing cash balance
162
(26)
