Page 50 - UNAM Annual Report 2017

Extracts University of Namibia Annual Financial Statements for the Year ended 31 December 2017
Statement of Cash Flows
2017 2016
N$ '000 N$ '000

CASH FLOW FROM OPERATING ACTIVITIES

Cash receipts from government and students 1 424 051 1 501 383
Cash paid to suppliers and employees (1 236 692) (1 284 794)
Cash generated from operations 187 359 216 589
Interest received 1 351 2 705
Finance costs (2 735) (1 504)
Net cash from operating activities 185 975 217 790

CASH FLOW FROM INVESTING ACTIVITIES

Purchase of property, plant and equipment (341 929) (277 923)
Purchase of investment property (4 397) (26 204)
Purchase of other intangible assets (2 860) (5 681)
Purchase of investments (160) (42)
Purchase of biological assets 1 401 (276)
Sale of biological assets 50 50
Net cash from investing activities (347 895) (310 076)

CASH FLOW FROM FINANCING ACTIVITIES

Special project fund accounts - -
Repayment of long term loan (108 839) (759)
Long term loan raised 234 343 165 630
Trust fund account - -
(Decrease)/increase in the bank overdraft - (75 045)
Retirement benefits paid (6 259) (4 471)
Provision for severance pay paid (4 045) (1 727)
Capital grants received 107 997 20 000
Net cash from financing activities 223 197 103 628

Total cash movement for the year 61 277 11 342
Cash and cash equivalents at beginning of year 17 243 5 901

Cash and cash equivalents at the end of the year 78 520 17 243

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