Statement of cash flows for the year ending on 31 December 2009
(Expressed in Bahrain Dinars)
| |
2009
|
|
2008
|
| Operating activities |
|
|
|
| Excess of expenditure over income for the period |
(1,820,524)
|
|
2,785,902
|
| Adjustments for: |
|
|
|
| - Depreciation |
1,851,433
|
|
579,313
|
| - Bank fixed deposit interest income |
422,146
|
|
149,995
|
| Changes in operating assets and liabilities: |
|
|
|
| - Service fees and other receivables |
(1,520,213)
|
|
(6,820,019)
|
| - Trade and other payables |
1,442,454
|
|
22,225,953
|
| |
|
|
|
| Net cash (used in)/provided by operating activities |
(468,996)
|
|
18,21,154
|
| |
|
|
|
| Investing activities |
|
|
|
| Purchase of plant and equipment |
(25,641)
|
|
(324,416)
|
| Expenditure incurred on capital work-in-progress |
-
|
|
(2,519,197)
|
| |
|
|
|
| Net cash used in investing activities |
(25,641)
|
|
(2,843,613)
|
| |
|
|
|
| Financing activities |
|
|
|
| Deferred income |
(919,604)
|
|
(234,686)
|
| Bank fixed deposit interest income received |
422,146
|
|
149,995
|
| |
|
|
|
| Net cash provided by financing activities |
(497,458)
|
|
(84,691)
|
| |
|
|
|
| Net (decrease) / increase in cash and cash equivalents |
(992,095)
|
|
15,692,850
|
| |
|
|
|
| Cash and cash equivalents at the begining of the year |
18,202,870
|
|
2,510,020
|
| Cash and cash equivalents at the end of the year |
17,210,775
|
|
18,202,870
|
Last Update: Sunday 22 August 2010
