XXXX CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2021 FOR THE FINANCIAL YEAR ENDED 30 JUNE 2021
2021 $
2020 $
Cash Flows from Operating Activities Receipts from customers & suppliers
36,190,805
35,147,874
Payments to suppliers and employees
(34,658,524)
(33,635,737)
Interest received
11,576
6,699
Interest Paid
(154,922)
(53,179)
Income Tax Paid
(163,118)
(249,774)
1,225,817
Net cash inflow from operating activities
1,215,883
Cash Flows from Investing Activities Payments for Intangibles
-
(182,094)
Payments for plant and equipment
(69,849)
(131,555)
(69,849)
Net cash outflow from investing activities
(313,649)
Cash Flows from Financing Activities Proceeds from share issue
-
600
(Decrease) / Increase of finance facility
133,985
(258,415)
(Decrease) / Increase in members’ deposits
(772,137)
(292,263)
Increase / (Decrease) in credit card usage
(109,694)
379
Decrease in premium funding usage
(32,057)
(14,044)
Lease principal payments (Warehouse)
(368,200)
(399,584)
(1,148,103)
Net cash outflow from financing activities
(963,327)
7,865
Net (decrease) / increase in cash and cash equivalents
(61,093)
1,169,442
Cash and cash equivalents at beginning of the financial year
1,177,307
1,177,307
Cash and cash equivalents at end of the financial year
1,116,214
The accompanying notes form part of these financial statements.
GO VITA GROUP LIMITED ANNUAL REPORT 2020-2021 I 45
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