2015 REPORT FINAL1

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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2015
CHRIST IS THE ANSWER MINISTRIES (CITAM)
STATEMENT OF CASH FLOW
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2015
STATEMENT OF CASH FLOW
Note 2015 2014
Kshs
Kshs
Cash from Operating Activities
Operating surplus before working capital changes 265,349,236 39,772,135
265,349,236 39,772,135
Changes in working capital
(Decrease)/Increase in inventory 12 505,167 (211,375)
Increase in trade and other receivables 13 (51,082,483) (12,012,654)
(Decrease)/Increase in related party balance 9.1 (4,463,959) 16,084,466
(Decrease)/Increase in accounts payable 17&18 (66,273,331) 59,751,007
Net cashflows from Operating Activities 144,034,630 103,383,578
Cash from Investing Activities
Increase in investments 9.2 (34,254,079) (43,088,189)
Net Cashflow from Investing Activities (34,254,079) (43,088,189)
Cash from Financing Activities
Investments in fixed deposits 15 (113,434,183) -
Proceeds from borrowings - 109,180,786
Repayment of borrowings 6&17 (68,988,464) (64,406,944)
Increase/(Decrease) in general fund 15,510,261 (26,194,149)
Increase in Alexander Tee memorial fund 322,981 303,838
Increase in text book fund 3,698,091 2,191,992
Increase/(Decrease) in mission support fund 16,490,417 (19,795,579)
Increase in Reserve fund 19,606,402 -
(Decrease)/Increase in designated fund (35,116,663) 34,094,149
Net Cashflow from Financing Activities (161,911,157) 35,374,093
Net Changes in cash and equivalents (52,130,607) 95,669,481
Cash and cash equivalents as at 1st January 97,073,103 1,403,621
Cash and cash equivalents at the end of the year 15 44,942,496 97,073,103
CITAM Annual Report and Financial Statements | 2015
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