Academy of Science South Africa 2005/6 Annual Report

Annual financial statementsASSAfCash flow statement for the year ended 31 March 20062006 2005Note R RCash flows from operating activities(Deficit)/surplus for the year (150 594) 439 940Adjusted for: Interest received (238 846) (156 038)Depreciation 25 495 13 967Operating (deficit)/surplus before working capital changes (363 945) 297 869Working capital changes 955 891 422 676Decrease in accounts receivable – 2 510Increase in accounts payable 955 891 420 166Cash generated by operations 591 946 720 545Interest received 238 846 156 038Net cash inflow from operating activities 830 792 876 583Cash flows utilised in investing activities (116 941) (42 514)Acquisition of equipment, at cost (116 941) (42 514)Net increase in cash and cash equivalents 713 851 834 069Cash and cash equivalents at beginning of year 4 390 116 3 556 047Cash and cash equivalents at end of year 3 5 103 967 4 390 116Annual Report 2005/06119