Chapter 2 - P rogramme 1 - Department of Defence

| Financial Performance |
Annual Report FY 2007 - 2008 340
| Department of Defence | Vote 20 |
SPECIAL DEFENCE ACCOUNT
CASH FLOW STATEMENT
for the year ended 31 March 2008
Cash flow from operating activities
Note 2007/08 2006/07
R’000 R’000
Net profit 530 141 678 441
Adjustment for investment income (13) (10)
Operating profit before working capital changes 530 128 678 431
Working capital changes (299 354) (484 921)
Increase in trade and other receivables 43 398 (29 674)
Increase in advances (2 678) (3 207)
Error 9 1 379 -
Decrease in creditors (341 453) (452 040)
Cash generated from operations 230 774 193 510
Interest received 13 10
Net cash flow from operating activities 230 787 193 520
Cash flow from investing activities
Investment (1 723) (1 277)
Net cash outflow from investing activities (1 723) (1 277)
Net increase in cash and cash equivalents 229 064 192 243
Cash and cash equivalents at beginning of the year 3 898 893 3 706 650
Cash and cash equivalents at end of the year 4 4 127 957 3 898 893