City Care Performance report 2005 Page 37
2005
2004
Note
$000's
$000's
CASH FLOWS FROM OPERATING ACTIVITIES
Cash was provided from:
Receipts from customers
78,334
59,969
Interest received
9
6
78,343
59,975
Cash was applied to:
Payments to suppliers and employees
(74,278)
(55,697)
Subvention payment
(837)
(1,075)
Taxation refund/(payment)
(2)
-
Interest paid
(646)
(359)
(75,763)
(57,131)
Net cash inflow/(outflow) from operating activities
13
2,580
2,844
CASH FLOWS FROM INVESTING ACTIVITIES
Cash was provided from:
Proceeds of sale of fixed assets
318
664
Cash was applied to:
Purchase of fixed assets
(8,995)
(5,513)
Purchase of goodwill
(300)
-
(9,295)
(5,513)
Net cash inflow/(outflow) from investing activities
(8,977)
(4,849)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash was provided from:
Bank funding
4,633
3,600
Issue of redeemable preference shares
2,500
-
7,133
3,600
Cash was applied to:
Finance lease payments
(219)
(218)
Dividends paid
(840)
(1,189)
(1,059)
(1,407)
Net cash inflow/(outflow) from financing activities
6,074
2,193
Net inflow/(outflow) of cash
(323)
188
Add opening cash
162
(26)
Closing cash balance
(161)
162
Represented by:
Cash / (overdraft)
(161)
162
Closing cash balance
(161)
162
STATEMENT OF
CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2005
37
The accompanying accounting policies and notes form part of these financial statements
