CUT Annual Report 2013
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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CONSOLIDATED STATEMENT OF CASH FLOWS<br />
for the year ended 31 December <strong>2013</strong><br />
NOTE <strong>2013</strong><br />
R ‘000<br />
2012<br />
R ‘000<br />
Operating activities<br />
Cash generated from / (utilized in) operations 25 (40 207) 51 704<br />
Net cash flows generated from /(utilized in) operating activities (40 207) 51 704<br />
Investing activities 732 1 972<br />
Acquisition of property, plant and equipment 5 (55 378) (138 433)<br />
Proceeds on the disposal of assets 19 300 237<br />
Non current financial assets - realisation at fair value / matured 7 8 115 50 694<br />
Increase in other non-current financial assets 7 - (50 694)<br />
Interest received 2 595 8 079<br />
Net cash flows used in investing activities (44 368) (130 117)<br />
Financing activities 17 18 759 325 237<br />
Increase / (Repayment) of obligations 980 ( 986)<br />
Interest paid 21 ( 425) ( 464)<br />
Increase in deferred income 14 22 455 23 388<br />
Net cash flows from /(utilized in) financing activities 23 010 21 938<br />
Net increase / (decrease) in cash and cash equivalents (61 565) (56 475)<br />
Cash and cash equivalents at 1 January 11 146 224 202 699<br />
Cash and cash equivalents at end of year 11 84 659 146 224<br />
<strong>CUT</strong> ANNUAL REPORT | 114<br />
115 | <strong>CUT</strong> ANNUAL REPORT
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