|
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 1997
| |
Note
 |
1997
USD
|
1996
USD
|
| Excess of income over
expenditure |
|
129,450 |
(63,039) |
| Depreciation |
|
43,005 |
44,495 |
| Loss on sale of fixed assets |
|
- |
348 |
| (Decrease)/increase in
receivables/deferred expenses |
|
(78,816) |
191,650 |
| Increase/(decrease) in
payables |
|
120,843 |
(18,598) |
Net cash flows from operating activities |
|
214,482 |
154,856 |
Net cash flows from investing activities |
|
|
|
| Purchase of fixed assets |
|
(11,534) |
(24,596) |
Increase in cash |
|
202,948 |
130,260 |
Cash at the beginning of the year |
|
424,034 |
293,774 |
Cash at the end of the year |
3 |
626,982 |
424,034 |
The accompanying notes are an integral part of
these financial statements. |
