CASHFLOW FROM OPERATING ACTIVITIES |
|
|
2004 |
2005 |
2006 |
2007 |
|
|
|
|
|
|
(Loss) Profit before Tax |
|
(20,721) |
(6,257) |
1,703,914 |
(80,153) |
|
|
|
|
|
|
Adjustment for : |
|
|
|
|
|
Depreciation |
|
17,281 |
21,361 |
30,914 |
27,474 |
Gain on Disposal of Fixed Assets |
|
(2,500) |
- |
|
|
Interest and Dividend Income |
|
(878,102) |
(1,118,921) |
(729,329) |
(1,051,467) |
|
|
|
|
|
|
Operating Cash Flow Before Working Capital Change |
|
(884,042) |
(1,103,817) |
1,005,499 |
(1,104,146) |
|
|
|
|
|
|
Change in Operating Assets and Liabilities: |
|
|
|
|
|
Trade Receivables |
|
22,876 |
24,685 |
31,864 |
4,841 |
Funds held in trust by NAC |
|
(600,000) |
(50,000) |
(400,000) |
(500,000) |
Other Current Assets |
|
(24,028) |
(47,148) |
45,503 |
(48,700) |
Payables |
|
(2,606) |
(47,682) |
40,545 |
77,329 |
|
|
|
|
|
|
NET CASH OUTFLOW FROM OPERATING ACTIVITIES |
|
(1,487,800) |
(1,223,962) |
723,411 |
(1,570,676)
|
|
|
|
|
|
|
Cash Flows from Investing Activities |
|
|
|
|
|
Payment for Purchase of plant and equipment |
|
(21,838) |
(31,390) |
(28,424) |
(33,391) |
Proceeds from Disposal of Fixed Assets |
|
2,500 |
- |
|
|
Interest Income and Dividend Received |
|
1,048,359 |
1,155,230 |
729,329 |
1,051,467 |
|
|
|
|
|
|
Net Cash Inflows from Investing Activities |
|
1,029,021 |
1,123,840 |
692,270 |
1,018,076 |
|
|
|
|
|
|
Net (decrease)/Increase in Cash and bank balances |
|
(458,779) |
(100,122) |
1,415,681 |
(552,600) |
Cash and Fixed Deposits at the Beginning of the Financial Year |
|
1,010,804 |
552,025 |
451,903 |
1,867,584 |
|
|
|
|
|
|
Cash and Fixed Deposits at the End of the Financial Year |
|
552,025 |
451,903 |
1,867,584 |
1,314,984 |
|
|
|
|
|
|
|
