Axiom 2014 Annual Report - page 49

for the year ended 30 September 2014
47
2014 Annual Report
Consolidated Statement of Cash Flows
Note
2014
$000
2013
$000
Cash flows from operating activities
Payments to suppliers and employees
(12,480)
(7,995)
Interest received
3
9
Sundry income
91
3
Interest paid
(11)
(353)
Net cash outflow from operating activities
17
(12,397)
(8,336)
Cash outflows from investing activities
Purchase of property, plant and equipment
(195)
(613)
Mineral exploration expenditure
(960)
(914)
Net cash outflow from investing activities
(1,155)
(1,527)
Cash flows from financing activities
Proceeds from issue of ordinary shares
14,527
9,921
Proceeds from borrowings
650
–
Repayment of borrowings
(13)
(127)
Net cash inflow from financing activities
15,164
9,794
Net increase/(decrease) in cash and cash equivalents
1,612
(69)
Cash and cash equivalents at beginning of financial year
691
809
Effect of exchange rate changes
1
(49)
Cash and cash equivalents at end of financial year
2,304
691
The notes on pages 48 to 76 form part of these financial statements.
GROUP FINANCIAL REPORT
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