Annual report 2012
Statement of
cash flows
For the year ended 31 December 2012
Group Group Group Parent Parent
Parent
Actual
Budget
Actual
Actual
Budget
Actual
Dec 12 Dec 12 Dec 11 Dec 12 Dec 12 Dec 11
$’000 $’000 $’000 $’000 $’000 $’000
Cash flows from operating activities
Receipts from government grants
134,987 135,527 134,305 135,043 135,361 134,305
Receipts from tuition fees
5,844
7,934
6,090
5,104
6,564
5,670
Dividend income
3
-
2
3
-
2
Interest income received
3,233
3,537
3,162
3,103
3,381
3,001
Receipts from other income
6,410
6,781
5,658 13,455 13,749
13,860
Payments to employees
(85,786) (82,639) (81,566) (76,747) (74,170) (73,975)
Payments to suppliers
(50,716) (56,015) (50,759) (67,321) (71,517) (67,797)
Net cash flow from operating activities
13,975
15,125
16,892
12,640
13,368
15,066
Cash flows from investing activities
Sale of property, plant and equipment
178
-
585
156
-
585
Sale of investments
30,631
- 24,000 30,631
-
24,000
Purchase of property, plant and equipment
(13,297) (14,853)
(9,757) (12,460) (14,304)
(9,341)
Software development
(290)
(815)
(42)
(70)
(415)
(42)
Programme development
(1,876)
(2,994)
(1,843)
(1,385)
(1,480)
(826)
Purchase of investments
(34,168)
- (28,916) (34,000)
- (26,344)
Net cash flow from investing activities
(18,822) (18,662) (15,973) (17,128) (16,199) (11,968)
Cash flows from financing activities
Capital contribution from the Crown
-
-
-
-
-
-
Net cash flow from financing activities
-
-
-
-
-
-
Net increase/(decrease) in cash and
(4,847)
(3,537)
919 (4,488)
(2,831)
3,098
cash equivalents
Cash and cash equivalents 1 January
10,223 17,114
9,304
9,191 14,864
6,093
Cash and cash equivalents 31 December
5,376
13,577
10,223
4,703
12,033
9,191
The accompanying notes form part of these financial statements.
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