2014/15 Annual Report
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<strong>Annual</strong> <strong>Report</strong> <strong>2014</strong>/<strong>15</strong><br />
101<br />
Cash Flow Statement<br />
as at 31 March 20<strong>15</strong><br />
20<strong>15</strong><br />
R ‘000<br />
<strong>2014</strong><br />
R ‘000<br />
Note(s)<br />
CASH FLOWS FROM OPERATING ACTIVITIES<br />
Receipts<br />
Sale of goods and services 51,641 54,758<br />
Grants 188,127 176,888<br />
Interest income 8,391 5,294<br />
Other receipts 222 746<br />
248,381 237,686<br />
Payments<br />
Employee costs (140,111) (121,468)<br />
Suppliers (78,924) (95,248)<br />
Finance costs (232) (282)<br />
(219,267) (216,998)<br />
Net cash flows from operating activities 20 29,114 20,688<br />
CASH FLOWS FROM INVESTING ACTIVITIES<br />
Purchase of property, plant and equipment 5 (5,292) (776)<br />
Purchase of other intangible assets 6 (3) (269)<br />
Net cash flows from investing activities 21 (5,295) (1,045)<br />
CASH FLOWS FROM FINANCING ACTIVITIES<br />
Movement in unspent donor funds (1,925) (167)<br />
Finance lease payments/(receipts) (359) (562)<br />
Net cash flows from financing activities (2,284) (729)<br />
Net increase in cash and cash equivalents 21,535 18,914<br />
Cash and cash equivalents at the beginning of the year 110,567 91,653<br />
Cash and cash equivalents at the end of the year 4 132,102 110,567
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