NOTES TO THE FINANCIAL STATEMENTS
Note 5: Cash and Cash Equivalents (continued) (d) Reconciliation of profit after income tax to net cash inflow from operating activities
2021 $
2020 $
Profit after income tax
668,988
630,991
Non cash flows Depreciation
155,230
130,252
Amortisation
339,970
354,965
Change in assets and liabilities: (Decrease) / Increase in provision for income tax
47,472
(121,720)
Decrease / (Increase) in deferred tax asset
(42,735)
85,030
(Increase) / Decrease in trade, sundry debtors and other assets
1,050,542
(204,773)
(Increase) / Decrease in finished goods
129,820
(27,657)
Increase / (Decrease) in trade creditors and accruals
(1,249,299)
315,262
DTA increase on adoption of AASB 16 not in profit and loss
67,865
-
Increase in employee entitlements
57,964
53,533
Net cash from operating activities
1,225,817
1,215,883
Note 6: Intangible Assets
Gross carrying value
At 30 June 2020 at cost
83,537
Additions
182,094
At 30 June 2021 at cost
265,631
Accumulated amortisation At 30 June 2020
11,840
Amortisation
22,338
At 30 June 2021
34,178
Net book value At 30 June 2021
231,453
The Intangible asset balance is composed of two distinct classes.
I GO VITA GROUP LIMITED ANNUAL REPORT 2020-2021 54
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