Page 46 - Bauxite Resources Annual Report 2014

44 | Bauxite Resources Annual Report 2014
STATEMENT OF CASH FLOW
YEAR ENDED 30 JUNE 2014
Statement of Cash Flow
ear Ended 30 June 2014
Annual Report 2014 Bauxite Resources 44
Notes Consolidated Group
2014 2013
$ $
(Restated)
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers 2,293,661 1,480,460
Payments to suppliers and employees (3,171,618) (3,383,812)
Payments for exploration expenditure (3,348,976) (4,895,474)
Interest received 1,804,637 2,064,430
NET CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES 25 (2,422,296) (4,734,396)
CASH FLOWS FROM INVESTING ACTIVITIES
Recoup/(payment)of security deposit 67,570 245,716
Receipts from sales of property, plant & equipment 46,091 348,682
Payments for property, plant and equipment (21,006) (87,277)
NET CASH INFLOW/ (OUTFLOW) FROM INVESTING ACTIVITIES 92,655 507,121
CASH FLOWS FROM FINANCING ACTIVITIES
Payment for buyback of shares (221,102) (238,880)
NET CASH INFLOW FROM FINANCING ACTIVITIES (221,102) (238,880)
NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS (2,550,743) (4,466,155)
Cash and cash equivalents at the beginning of the financial year 43,486,003 47,952,158
CASH AND CASH EQUIVALENTS AT THE END OF THE FINANCIAL YEAR 7 40,935,260 43,486,003
The above statements should be read in conjunction with the notes to the financial statements.