2025
2024
7 Employee benefit expense
$000
$000
Salaries & Wages Health Insurance
15,352
13,881
125 225 148 146
131 204 317 346
Relief Costs
Coaching
Other employee costs
Total employee benefit expenses
15,996
14,879
2025
2024
8 Cash and cash equivalents Cash at bank and on hand
$000
$000
285 389 674
1,924 7,767 9,691
Short Term Deposits
Cash and cash equivalents
Cash at bank does not earn interest income. Short term deposits of 90 days or less earn interest at applicable bank deposit rates. There are no restrictions over any of the cash and cash equivalent balances held by College. 2025 2024 9 Reconciliation of Net Profit to cash flow from operating activities $000 $000
Net Surplus / (Deficit) Add back Depreciation
5,393 2,154
5,369 1,701
Movements in:
Accounts Receivable
(1,060)
(832)
Prepayments
(393) (104) (381)
177
Inventory
(106) (132)
Accounts Payable Other Liabilities Due to Employees Income in Advance
1,537
55
39
(114)
2,499 2,137
146
Total Movements
(806)
Interest
451
21
(Gain)/Loss on PPE disposal
(39)
(2,357) (3,390)
Unrealiised gains from Investments
(8,605)
Net Cash Flows from / (used in) Operating Activities
1,491
538
2025
2024
10 Receivables from exchange transactions Trade receivables from exchange transactions
$000
$000
3,091
1,791
Less expected credit loss allowance
(30)
(36)
Net trade receivables from exchange transactions
3,061
1,755
Impairment allowance movement Opening balance (Increase) / decrease allowance
(36)
(35)
4 2
(1)
Write off to bad debts
-
Closing balance (36) In 2024 $2.226m of Receivables was netted against Deferred Revenue while in 2025 the gross values are shown. The netting treatment has no profit impact and does not materially affect the users of the financial statements. (30)
29
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