CTFA Annual Report 2022

STATEMENT OF CASH FLOWS FIGURES IN R NOTES 2022 2021 Cash flows from operations Surplus for the year 1,612,162 1,044,034 Adjustments to reconcile surplus Finance income (649,695) (416,399) Interest paid 9 - Adjustments for (Increase) / decrease in trade receivables (17,395) 2,383 Adjustments for (Increase) / decrease in other operating receivables 2,448 (17,562) Adjustments for Increase / (decrease) in trade accounts payables 100,803 (3,724) Adjustments for Increase / (decrease) in other operating payables 21,524 21,859 Adjustments for Increase / (decrease) in deferred income (169,025) (222,708) Depreciation expense 76 193 78,718 Movement in provisions (71 524) 79,731 Profit on disposal of non-current assets - (96) Total adjustments to reconcile surplus (706,662) (477,800) Net cash flows from operations 905,500 566,234 Interest paid (9) - Interest received 649,695 416,399 Net cash flows from operating activities 1,555,186 982,632 Cash flows used in investing activities Proceeds from sales of property, plant and equipment - 13,904 Purchase of property, plant and equipment (10,999) (50,447) Cash flows from / (used in) investing activities (10,999) (36,543) Cash flows from financing activities Movement in operating lease payable (38,798) (3,246) Cash flows from financing activities (38,798) (3,246) Net increase in cash and cash equivalents 1,505,389 942,842 Cash and cash equivalents at beginning of the year 12,035,397 11,092,555 Cash and cash equivalents at end of the year 6 13,540,786 12,035,397 ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 10