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YSA Annual Report 2018

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<strong>YSA</strong><br />

ANNUAL REPORT<br />

<strong>2018</strong><br />

40<br />

YOUNG SIKH ASSOCIATION (SINGAPORE)<br />

(Registered under The Societies Act. Cap. 311)<br />

STATEMENT OF CASH FLOWS<br />

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER <strong>2018</strong><br />

<strong>2018</strong> 2017<br />

Note $ $<br />

CASH FLOWS FROM OPERATING ACTIVITIES<br />

(Deficit) for the financial year before taxation (9,491) (13)<br />

(Decrease) in trade payables - (3,570)<br />

Increase in accruals - 150<br />

Operating (deficit) before working capital changes (9,491) (3,433)<br />

Tax paid - -<br />

Net cash (used in) operating activities (9,491) (3,433)<br />

NET CHANGE IN CASH AND CASH EQUIVALENTS (9,491) (3,433)<br />

CASH AND CASH EQUIVALENTS AT BEGINNING OF THE FINANCIAL YEAR 48,976 52,409<br />

CASH AND CASH EQUIVALENTS AT END OF THE FINANCIAL YEAR 3 39,485 48,976<br />

The accompanying notes form an integral part of these financial statements

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