|
Center for the Study of Democracy
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER
2000
Financial statements
| In BGN |
Note |
31 December 2000
|
31 December 1999
|
|
OPERATING ACTIVITIES
|
|
|
|
|
Gross excess of revenue over expenditure
|
|
858,271
|
469,042
|
|
Adjustments for:
|
|
|
|
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Depreciation
|
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25,863
|
52,322
|
|
Foreign exchange loss from revaluation assets and
liabilities denominated in foreign currency
|
|
9,651
|
(34,556)
|
|
Increase/ (decrease) of provisions
|
5
|
(11,306)
|
20,873
|
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Cash flow from operating activities before
changes in working capital
|
|
882,472
|
507,681
|
|
(Increase)/ decrease in assets from operating
activities
|
|
103,389
|
(642,482)
|
|
Increase/ (decrease) liabilities from operating
activities
|
|
(910,821)
|
1,035,805
|
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Cash flows from operating activities
|
|
75,047
|
901,004
|
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INVESTING ACTIVITIES
|
|
|
|
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Purchase of tangible fixed assets
|
|
(111,190)
|
(473,411)
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Net cash used in investing activities
|
|
(111,190
|
(473,411)
|
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Net increase in cash and cash equivalents
|
|
(36,143)
|
427,593
|
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Cash and cash equivalents at beginning of year
|
|
1,581,004
|
1,153,411
|
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Cash and cash equivalents at end of year
|
|
1,544,861
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1,581,004
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The Center's financial statements are to be read in
conjunction with the notes to them and form az integral part of
these statements set out on pages 5 to 12.
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