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FINANCIAL STATEMENTS AND NOTES 2007CASH FLOW STATEMENTS FOR THE YEAR ENDED 31 MARCH 2007GROUPMINTEK2007 2006 2007 2006Notes R R R RCash receipts from customers 178,018,488 180,821,671 178,018,488 180,638,217Parliamentary grant received 118,664,000 108,880,000 118,664,000 108,880,000Cash paid to suppliers and employees (294,510,679) (276,272,026) (282,646,376) (275,412,646)Cash generated from operations 28 2,171,809 13,429,645 14,036,112 14,105,571Payment of taxation 26 (3,689,088) – – –Investment income 12,826,322 9,817,025 12,405,765 9,817,025Finance costs (526,035) (337,424) (457,487) (242,843)Long term creditor payments (985,622) (595,696) (523,622) (133,697)Provisions utilised 21 (894,508) (5,783,361) (894,508) (5,783,361) 8,902,878 16,530,189 24,566,260 17,762,695Additions to property, plant and equipment (19,274,096) (19,823,232) (19,274,096) (19,823,232)Decrease/(increase) in investment deposits 13,338,790 (1,150,757) 13,338,790 (1,150,757)(Cash advanced to)/receipts from subsidiary – – (15,663,382) 16,767,494 41,880 3,616 41,880 3,616Proceeds from disposal of associate 28.2 – 18,000,000 – –Post-retirement health care payments 22 (3,424,645) (3,022,438) (3,424,645) (3,022,438) (9,318,071) (5,992,811) (24,981,453) (7,225,317)Net (decrease)/ increase in cashand cash equivalents 28.1 (415,193) 10,537,378 (415,193) 10,537,378Cash and cash equivalents at beginning of year 30,937,858 20,400,480 30,937,858 20,400,480Cash and cash equivalents at end of year 30,522,665 30,937,858 30,522,665 30,937,858annual report 200764