for the period ended 31 May 2012

      2012 2011

 

Notes

 

$’000

$’000

 

OPERATING ACTIVITIES

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

    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

Cash used

    Purchase of property, plant and equipment

 

 

(72)

(367)

Total cash used

 

 

(72)

(367)

Net cash (used by) investing activities

 

 

(72)

(367)

FINANCING ACTIVITIES

 

 

 

 

Cash received

 

 

 

 

    Departmental Capital Injection

 

 

2,454

Total cash received

 

 

2,454

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.