2005/2006 - SANParks

ANNUAL FINANCIAL STATEMENTSfor the year ended 31 March 20062006South African National ParksCASH FLOW STATEMENTfor the year ended 31 March 2006Notes31 March 2006R’00031 March 2005R’000CASH FLOWS FROM OPERATING ACTIVITIESReceiptsSales of goods and services 516,738 470,624Special project grants and donations 147,085 74,202Government grants 143,720 126,631807,544 671,457Cash paid to suppliers and employees (749,585) (527,866)Net cash generated by operations 22 57,959 143,591Investment income 7 7,173 7,048Finance costs 8 (5,083) (6,680)Net cash inflow from operating activities 60,049 143,959CASH FLOWS FROM INVESTING ACTIVITIESPurchase of property, plant and equipment 9 (17,280) (28,094)Work in progress - costs incurred 10 (115,973) (110,304)Purchase of investments (92) (3,153)Proceeds on disposal of property, plant and equipment 3,851 5,724Proceeds on disposal of investments - 12,127Net cash outflow from investing activities (129,494) (123,700)CASH FLOWS FROM FINANCING ACTIVITIESProceeds from fi nance lease funding 4,696 5,703Proceeds from special project grants related to assets 73,326 76,151Repayment of long-term borrowings (30,701) (2,148)Payment of post-retirement health benefi ts (7,183) (7,128)Repayment of fi nance lease obligations (4,334) (3,930)Net cash (outflow) / inflow from financing activities 35,804 68,648Net (decrease) / increase in cash and cash equivalents (33,641) 88,907Cash and cash equivalents at the beginning of the year 288,671 199,764Cash and cash equivalents at the end of the year 14 255,030 288,671115