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for the period ended 31 May 2012
| 2012 | 2011 | |||
|
|
Notes |
$’000 |
$’000 |
|
|
OPERATING ACTIVITIES |
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|
Cash received |
||||
|
Sales of goods and rendering of services |
|
576 |
134 |
|
|
Appropriations |
|
25,603 |
29,673 |
|
|
Net GST received |
|
1,428 |
1,201 |
|
|
Total cash received |
|
27,607 |
31,008 |
|
|
Cash used |
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|
Employees |
|
(14,963) |
(15,791) |
|
|
Suppliers |
|
(15,250) |
(14,783) |
|
|
Total cash used |
|
(30,213) |
(30,574) |
|
|
Net cash flows from operating activities |
9 |
(2,606) |
434 |
|
|
INVESTING ACTIVITIES |
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Cash used |
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|
Purchase of property, plant and equipment |
|
(72) |
(367) |
|
|
Total cash used |
|
(72) |
(367) |
|
|
Net cash (used by) investing activities |
|
(72) |
(367) |
|
|
FINANCING ACTIVITIES |
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|
|
|
|
Cash received |
|
|
|
|
|
Departmental Capital Injection |
|
2,454 |
– |
|
|
Total cash received |
|
2,454 |
– |
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|
Net cash flows (used by) investing activities |
|
2,454 |
– |
|
|
Net increase (decrease) in cash held |
|
(224) |
67 |
|
|
Cash at the beginning of the reporting period |
|
258 |
191 |
|
|
Cash at the end of the reporting period |
5a |
34 |
258 |
|
The above statement should be read in conjunction with the accompanying notes.