FOR THE YEARS ENDED 31 DECEMBER 1995 AND
1994
Leva '000
|
1995
|
1994
|
Excess of Support and Revenueover Expenses
|
12,506
|
11,473
|
Adjustments to reconcile excess of support and
revenue over expenses for the year to net cash inflow from
operating activities:
|
|
|
Depreciation
|
1,840
|
1,978
|
Loss on sale of fixed assets
|
52
|
|
Increase in receivables and prepayments
|
(2,017)
|
(2,739)
|
Decrease in liabilities
|
(1,023)
|
4,797
|
Net cash inflow from operating activities
|
11,358
|
15,509
|
Investing activities
|
|
|
Payments for tangible fixed assets
|
(7,142)
|
(2,814)
|
Purchase of investments
|
(118)
|
(123)
|
Proceed from sales of fixed assets
|
60
|
-
|
Decrease in deferred capital subsidies
|
(200)
|
-
|
Net cash outflow from investing activities
|
(7,400)
|
(2,814)
|
Increase in cash at bank and in hand
|
3,958
|
12,695
|
The accompanying notes are an integral part of these
financial statements.
|