CIFA Annual Review 2020
Cyprus Investment Funds Association Annual Review 2020
Cyprus Investment Funds Association Annual Review 2020
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Cyprus Investment Funds Association (<strong>CIFA</strong>)<br />
Financial Statements for the year ended 31 December 2019 47<br />
CASH FLOW STATEMENT<br />
2019 2018<br />
Note € €<br />
CASH FLOWS FROM OPERATING ACTIVITIES<br />
(Deficit) for the year (17.054) (40.213)<br />
Adjustments for:<br />
Unrealised exchange profit - (25)<br />
Interest income - (2)<br />
(17.054) (40.240)<br />
Changes in working capital:<br />
Increase in trade and other receivables (13.995) (1.400)<br />
Increase/(Decrease) in payables 16.246 (478)<br />
Cash used in operations (14.803) (42.118)<br />
CASH FLOWS FROM INVESTING ACTIVITIES<br />
Interest received - 2<br />
Net cash generated from investing activities - 2<br />
CASH FLOWS FROM FINANCING ACTIVITIES<br />
Unrealised exchange profit - 25<br />
Net cash generated from financing activities - 25<br />
Net decrease in cash and cash equivalents (14.803) (42.091)<br />
Cash and cash equivalents at beginning of the year 122.809 164.900<br />
Cash and cash equivalents at end of the year 9 108.006 122.809<br />
The notes on pages 48 to 53 form an integral part of these financial statements.
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