STATEMENTOFCHANGES INFUND
Year Ended 31December 2015
Accumulated
Fund
$
Current year:
Opening balance at 1 January 2015
25,053,511
Net surplus for the year
924,128
Closingbalance at 31December 2015
25,977,639
Previous year:
Opening balance at 1 January 2014
23,834,031
Net surplus for the year
1,219,480
Closingbalance at 31December 2014
25,053,511
The accompanying notes form an integral part of these financial statements.
STATEMENTOFCASHFLOWS
Year Ended 31December 2015
2015
2014
$
$
Cashflows fromoperating activities
Net surplus for the year
924,128
1,219,480
Adjustments for:
Depreciation of plant and equipment
227,358
239,970
Interest income
(255,869)
(134,697)
Plant andequipment written off
–
747
Operating surplusbefore changes inworking capital
895,617
1,325,500
Other receivables
94,234
(28,707)
Other assets
7,294
(67,796)
Other payables
456,633
157,392
Cash restricted in use
–
120,000
Net cashflows fromoperating activities
1,453,778
1,506,389
Cashflows from investing activities
Purchaseof plant and equipment
(184,591)
(151,151)
Interest received
226,552
134,697
Net cashflows from (used in) investing activities
41,961
(16,454)
Net increase in cash and cash equivalents
1,495,739
1,489,935
Cash and cashequivalents, beginning balance
24,862,996
23,373,061
Cash and cash equivalents, endingbalance (Note9)
26,358,735
24,862,996
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