CTFA Annual Report 2020

FIGURES IN R NOTES 2020 2019 Cash flows from operations Surplus for the year 1,212,810 1,351,256 Adjustments to reconcile surplus Finance income (461,374) (556,175) Adjustments for finance costs - 14 Decrease in trade receivables (33,474) (15,229) Increase in other operating receivables (22,856) 94,591 Adjustments for increase in trade accounts payable (8,348) 14,174 (Decrease) / increase in other operating payables (17,186) 2,824 Decrease in deferred income 70,827 188,867 Depreciation and amortisation expense 77,471 62,472 Impairment losses and reversal of impairment losses recognised in surplus or deficit 33,246 10,047 Movement in provisions 56,690 54,758 Fair value gains and losses - (229,695) Gains and losses on foreign exchange realised in surplus or deficit - (55) Total adjustments to reconcile surplus (305,004) (373,407) Net cash flows from operations 907,806 977,849 Interest paid - (14) Interest received 461,375 551,424 Net cash flows from operating activities 1,369,181 1,529,259 Cash flows from / (used in) investing activities Purchase of property, plant and equipment (63,550) (8,280) Purchase of other financial assets - 4,884,997 Dividends received - 4,751 Cash flows from / (used in) investing activities (63,550) 4,881,468 Cash flows from financing activities Movement in other financial liabilities 40,535 60,149 Cash flows from financing activities 40,535 60,149 Net increase in cash and cash equivalents 1,346,165 6,470,876 Cash and cash equivalents at beginning of the year 9,746,390 3,275,514 Cash and cash equivalents at end of the year 7 11,092,555 9,746,390 STATEMENT OF CASH FLOWS ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 10