Financial Report Yr Ending 3.. - SHARKIES | Cronulla Sutherland ...

FINANCIAL REPORT FOR THE YEAR ENDED 31ST OCTOBER 2011
STATEMENTS OF CASHFLOWS FOR THE YEAR ENDED 31 OCTOBER 2011
GROUP
LEAGUES CLUB
Note 2011 2010 2011 2010
$ $ $ $
Cash flows from operating activities
Cash receipts from customers and sponsors 20,253,659 22,185,083 12,971,657 14,845,831
Grants from Leagues Club and NRL 3,825,000 3,598,333 - -
Cash paid to suppliers and employees (25,204,859) (23,960,790) (12,629,313) (12,775,853)
Grant paid to Football Club - - (1,600,000) (250,000)
Other interest received 11,993 3,551 3,980 7
Rent received 98,983 79,719 98,983 79,719
Interest paid (1,023,636) (811,189) (927,814) (794,906)
Income taxes (paid)/received 18,343 (22,330) 18,343 (22,330)
Net cash inflow/(outflow) from operating activities (2,020,518) 1,072,377 (2,064,165) 1,082,468
Cashflows from investing activities
Purchase of property, plant and equipment (238,579) (376,276) (167,039) (331,681)
Proceeds from sale of property, plant and equipment 11,727 - 11,727
Net cash (outflow) from investing activities (238,579) (364,549) (167,039) (319,954)
Cashflows from financing activities
Proceeds from borrowings 4,346,896 - 4,346,896 -
Repayment of borrowings - (412,500) - (412,500)
Repayment of loan from related party - (400,000) 400,000
Repayment of debentures (26,386) (26,386) (16,822)
Repayment of capital element of finance leases (351,343) (318,680) (299,220) (283,685)
Net cash (outflow)/inflow from financing activities 3,969,167 (731,180) 3,621,190 (313,007)
Net (decrease)/increase in cash and cash equivalents 1,710,071 (23,352) 1,390,086 449,507
Cash and cash equivalents at beginning of period (1,043,855) (1,020,503) (815,983) (1,265,490)
Cash and cash equivalents at end of period 6 666,216 (1,043,855) 574,103 (815,983)
The above statements of cashflows should be read in conjunction with the accompanying notes.
8 CRONULLA-SUTHERLAND LEAGUES CLUB LIMITED & CONTROLLED ENTITY ABN 54 000 202 826