YUTE Annual Report 2014
A round up of our activities during the years 2013 - 2014. Take a look at our organisational growth and the impact it has had on the communities we serve. #YUTE
A round up of our activities during the years 2013 - 2014. Take a look at our organisational growth and the impact it has had on the communities we serve. #YUTE
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YOUTH UPLIFTMENT THROUGH EMPLOYMENT LIMITED (<strong>YUTE</strong>)<br />
Page 6<br />
STATEMENT OF CASH FLOWS<br />
YEAR ENDED 31 DECEMBER <strong>2014</strong><br />
<strong>2014</strong> 2013<br />
$ $<br />
CASH FLOWS FROM OPERATING ACTIVITIES:<br />
Surplus/(loss) for the year 10,755,350 (22,769,686)<br />
Item not affecting cash resources:<br />
Depreciation 269,097 388,678<br />
Loss on disposal 6,112 - .<br />
11,030,559 (22,381,008)<br />
Changes in operating assets and liabilities -<br />
Receivables ( 5,313,716) 20,000<br />
Taxation recoverable 1,247,958 ( 197,718)<br />
Payables 918,312 4,559,337<br />
Cash provided by/(used in) operating activities 7,883,113 (17,999,389)<br />
CASH FLOWS FROM INVESTING ACTIVITIES:<br />
Purchase of property, plant and equipment ( 309,548) ( 12,790)<br />
Proceeds of disposal 193,129 - .<br />
Cash used in investing activities ( 116,419) ( 12,790)<br />
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 7,766,694 (18,012,179)<br />
Cash and cash equivalents at beginning of year 5,359,314 23,371,493<br />
CASH AND CASH EQUIVALENTS AT END OF YEAR/PERIOD 13,126,008 5,359,314
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