CASH FLOW STATEMENT
Altura Credit Union Limited CASH FLOW STATEMENT for the year ended 30 September 2024
2024 €
2023 €
Opening cash and cash equivalents
35,300,289
30,487,157
Cash flows from operating activities Loans repaid by members Loans granted to members Loan interest income received Interest paid on members’ deposits Investment income
27,875,999 (34,971,041) 5,151,266 - 1,498,945 240,173 318,938 - - - (5,162,750) 439,609 20,604 (18,096) ─────── (4,606,353 ) ───────
30,240,434 (39,438,151) 5,530,002 (605) 2,196,462 257,781 320,055 186,774 (139,152) (71,544) (5,498,108) 1,029,908 (13,440) (18,992) ───────
Other income received Bad debts recovered Impairment of loan interest re- classified as bad debt recoveries Dividends paid Loan interest rebate paid Operating expenses Net Member current accounts lodgements / (withdrawals)
Movement in other assets Movement in other liabilities
Net cash from operating activities
(5,418,576) ───────
Cash flows from investing activities Sale of tangible fixed assets Purchase of tangible fixed assets Investment in associate companies Net cash flow from other investing activities
488,163 (653,780) - 5,935,677 ─────── 5,770,060 ───────
- (636,525) (71,250) 2,746,930 ─────── 2,039,155 ───────
Net cash from investing activities
Cash flows from financing activities Members’ shares received Members’ deposits received Members’ shares withdrawn Members’ deposits withdrawn
98,121,060 54,466 (94,348,301) (177,800) ─────── 3,649,425 ───────
102,821,925 52,457 (95,621,145) (81,999) ─────── 7,171,238 ───────
Net cash generated from financing activities
3,791,817 ─────── 39,092,106 ═══════
4,813,132 ─────── 35,300,289 ═══════
Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at end of financial year
15
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