2013 Apr 15 Annual Report 2012 - Phosphagenics
2013 Apr 15 Annual Report 2012 - Phosphagenics
2013 Apr 15 Annual Report 2012 - Phosphagenics
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Consolidated statement of cash fl ow<br />
FOR THE YEAR ENDED<br />
31 DECEMBER <strong>2012</strong> Note<br />
OPERATING ACTIVITIES<br />
<strong>2012</strong><br />
$’000<br />
2011<br />
$’000<br />
Receipts from customers 1,956 2,439<br />
Receipt of government grants 27 105<br />
Payments to suppliers and employees (13,646) (11,837)<br />
Net cash used in operating activities 20(b) (11,663) (9,293)<br />
INVESTING ACTIVITIES<br />
Interest received 1,248 216<br />
Proceeds from available-for-sale investments - 971<br />
Purchase of plant and equipment (184) (79)<br />
Net cash from investing activities 1,064 1,108<br />
FINANCING ACTIVITIES<br />
Proceeds from issues of shares 13 356 34,707<br />
Costs of issue of shares (41) (2,066)<br />
Net cash from financing activities 3<strong>15</strong> 32,641<br />
66<br />
Net increase/(decrease) in cash and cash<br />
equivalents (10,284) 24,456<br />
Cash and cash equivalents at the beginning of<br />
period 27,196 2,740<br />
CASH AND CASH EQUIVALENTS AT THE END<br />
OF PERIOD 20(a) 16,912 27,196<br />
The above Statement of cash fl ows should be read in conjunction with the accompanying notes.<br />
PHOSPHAGENICS ANNUAL REPORT <strong>2012</strong>
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