Page 87 - 2596-CA SR Lanka- Annual Report 2022

STATEMENT OF CASH FLOWS

For the year ended 31 December 2022 2021
Note Page No Rs.'000 Rs.'000

Cash flows from operating activities
Income over expenditure for the year before tax 251,365 208,287
Adjustments for;
Depreciation and amortisation 22 107 87,199 87,381
Reimbursements and amortisation of restricted funds and grants 12.1 102 (4,376) (5,089)
Contribution to designated funds 11.1 101 25,551 23,779
Transfers to restricted funds and grants 12.1 102 2,593 917
Contribution to endowment funds 13 104 313 116
Provision for defined benefit plan 14.1 104 6,895 4,562
Loss on disposal of property, plant and equipment 19 106 10 -
Amortisation of prepaid staff cost 20 106 6,590 1,880
Finance income 24.1 107 (243,586) (89,095)
Finance cost 24.2 107 6,851 5,437
Operating income over expenditure before working capital changes 139,405 238,175

(Increase) / decrease in inventory 8 100 (15,968) 5,488
(Increase) / decrease in receivables 9 100 (18,281) (70,383)
(Increase) / decrease in loans and advances to staff 6 99 (3,414) 3,561
Increase / (decrease) in payables and advances 16 105 760 11,713
Increase / (decrease) in deferred income 5,975 (11,648)

Cash generated from operations 108,477 176,906
Tax paid 17 105 (21,703) (13,645)
Gratuity paid 14 104 (1,678) (10,270)
Rent paid (25,615) (9,134)
Net cash inflow from operating activities 59,481 143,857

Cash flows from/ (used in) investing activities
Acquisition of property, plant and equipment and library books 3,5 97,99 (73,182) (75,926)
Acquisition of intangible assets 4 98 (7,245) (10,888)
Investments in financial assets at amortised cost (2,525,193) (3,466,952)
Maturity proceeds received from financial assets at amortised cost 2,376,159 3,305,421
Finance income received 231,903 95,193
Net cash flow from / (used in) investing activities 2,442 (153,153)

Cash flows from / (used in) financing activities
Donations received to designated funds 11.1 101 18 2,641
Receipts to restricted funds and grants 12.1 102 31,457 5,702
Payments made from designated funds 11.1 101 (12,203) (13,467)
Payments made from restricted funds 12.1 102 (24,982) (785)
Payments made from endowment funds 13 104 (520) (638)
Net cash flow used in financing activities (6,230) (6,547)

Net increase / (decrease) in cash and cash equivalents 55,693 (15,843)
Cash and cash equivalents at the beginning of the year 70,387 86,230
Cash and cash equivalents at the end of the year 10 100 126,081 70,387

The accounting policies and notes on pages 86 to 110 form an integral part of these financial statements.

CA SRI LANKA | Integrated Annual Report 2022 85