NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2022
Note 5: Cash and Cash Equivalents (continued) (d) Reconciliation of profit after income tax to net cash inflow from operating activities
2022 $
2021 $
Profit after income tax
630,991
(57,388)
Non cash flows Depreciation
130,252
94,092
Amortisation
354,965
429,217
Change in assets and liabilities: (Decrease) / Increase in provision for in-come tax
(121,720)
(134,751)
Decrease in deferred tax asset
85,030
45,597
(Increase) / Decrease in trade, sundry debtors and other assets
(204,773)
(181,972)
(Increase) / Decrease in finished goods
(27,657)
(586,986)
(Decrease) / Increase in trade creditors and accruals
315,262
(760,217)
Increase in employee entitlements
53,533
30,300
Net cash from operating activities
1,215,883
(1,122,108)
Note 6: Intangible Assets
e-Comm Site $
Purchased brands and trademarks $
Total $
Gross carrying value
At 30 June 2021 at cost
176,016
59,615
235,631
Additions
49,413
5
49,418
At 30 June 2022 at cost
225,429
59,620
285,049
Accumulated amortisation At 30 June 2021
-
4,178
4,178
Amortisation
37,500
1,338
38,838
At 30 June 2022
37,500
5,516
43,016
Net book value At 30 June 2022
187,929
54,104
242,033
56 I GO VITA GROUP LIMITED ANNUAL REPORT 2021-2022
Made with FlippingBook Learn more on our blog