Directors' Report and Financial Statements 31 March ... - Precision Air
Directors' Report and Financial Statements 31 March ... - Precision Air
Directors' Report and Financial Statements 31 March ... - Precision Air
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PRECISION AIR SERVICES PLC<br />
CONSOLIDATED STATEMENT OF CASH FLOWS<br />
FOR THE YEAR ENDED <strong>31</strong> MARCH 2012<br />
Group Group Company Company<br />
<strong>31</strong>-Mar-12 <strong>31</strong>-Mar-11 <strong>31</strong>-Mar-11 <strong>31</strong>-Mar-11<br />
Note TZS ‘000 TZS ‘000 TZS ‘000<br />
Operating activities<br />
Profit before tax 1,840,653 1,555,524 2,2<strong>31</strong>,877 2,159,194<br />
Non-cash adjustment to reconcile profit before tax to net cash<br />
flows<br />
Depreciation of property <strong>and</strong> equipment 15 16,794,573 14,771,461 16,592,346 14,569,237<br />
Profit on disposal of property <strong>and</strong> equipment (70,791) - (70,791) -<br />
Amortisation of intangible assets 16 36,563 168,439 36,563 168,439<br />
Unrealised losses on foreign currency exchange - - - -<br />
Interest on debts <strong>and</strong> borrowings 13 7,652,711 7,<strong>31</strong>8,524 7,598,033 7,186,771<br />
Working capital adjustments:<br />
Decrease/ (increase) in inventories (1,212,128) 571,180 (1,212,128) 571,180<br />
Decrease/ (increase) in trade <strong>and</strong> other receivables 148,327 8,097,396 (1,053,519) 6,940,062<br />
Decrease in prepayments 306,406 169,429 306,406 169,429<br />
Increase in trade <strong>and</strong> other payables 2,590,213 697,199 2,590,212 697,197<br />
28,086,527 33,349,152 27,018,999 32,461,509<br />
Income tax paid 21 (65,000) - (65,000) -<br />
Net cash flows from operating activities 28,021,527 33,349,152 26,953,999 32,461,509<br />
DIRECTORS’ REPORT AND FINANCIAL STATEMENTS <strong>31</strong> MARCH 2012<br />
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