CUT Annual Report 2009
The Annual Report is a premier publication that reports on institutional development and successes.
The Annual Report is a premier publication that reports on institutional development and successes.
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Thinking Beyond<br />
Statement of Cash flows for the year ended 31 December <strong>2009</strong><br />
<strong>2009</strong> 2008<br />
Note R ‘000 R ‘000<br />
Operating activities<br />
Cash generated from operations 23 97 367 95 937<br />
Gain on investments realised - -<br />
Net cash flows from operating activities 97 367 95 937<br />
Investing activities<br />
Acquisition of property, plant and equipment (49 556) (23 668)<br />
Proceeds on the disposal of assets - 157<br />
Increase in other non-current financial assets - (20 000)<br />
Interest received 18 067 15 649<br />
Net cash flows used in investing activities (31 489) (27 862)<br />
Financing activities<br />
Repayment of borrowings (4 488) (3 908)<br />
Interest paid (2 815) (3 248)<br />
Net cash flows used in financing activities (7 303) (7 156)<br />
Net Increase in cash and cash equivalents 58 575 60 919<br />
Cash and cash equivalents at 1 January 10 151 231 90 312<br />
Cash and cash equivalents at end of year 10 209 806 151 231<br />
48
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