Statement of Cash Flows for the year ended 30 June 2016
2016 ($)
2015 ($)
Cash flows from operating activities
Receipts from operations
31,268,945
29,805,948
Payments to suppliers and employees
(29,856,309)
(23,105,526)
Capital and operating grants received
4,079,378
4,654,308
Interest received
636,467
802,618
Interest paid
(2,745,537)
(2,658,693)
Net cash flows from operating activities
3,382,944
9,498,655
Cash flows from investing activities
Proceeds from sale of property, plant and equipment
2,559,475
2,730,592
Purchase of property, plant and equipment
(10,682,703)
(10,535,487)
Purchase of intangible assets
(917,200)
(33,000)
Purchase of investment in Singleton Equity Housing Limited
(5,681)
(10,365)
Proceeds from disposal of other investments
51
298
Net cash flows used in investing activities
(9,046,058)
(7,847,962)
Cash flows from financing activities
Net (repayment)/advance of loans and borrowings
(664,254)
2,131,505
Net payments for shares redeemed
(19,184)
(108,768)
Net cash flows (used in)/from financing activities
(683,438)
2,022,737
Net (decrease)/increase in cash and cash equivalents
(6,346,552)
3,673,430
Cash arising on business combination
3,972,184
-
Cash and cash equivalents at beginning of year
34,784,006
31,110,576
Cash and cash equivalents at end of year
32,409,638
34,784,006
36
ANNUAL REPORT 2015–16
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