Page 55 - CPM_2020_Annual_Report_A4

CPM Sri Lanka | Annual Report 2019/20 53

STATEMENT OF CHANGES IN Accumulated Total STATEMENT OF CASH FLOWS 2020 2019
ACCUMULATED FUND fund Rs. For the year ended 31 March, Rs. Rs.
For the year ended 31 March, Rs.
Cash flows from operating activities
Balance as at 01 April 2018 4,115,105 4,115,105 Surplus before tax expense 7,205,656 595,013

Surplus for the year 515,080 515,080
Balance as at 31 March 2019 4,630,185 4,630,185
Adjustments for:
Surplus for the year 7,165,272 7,165,272
Depreciation of equipment 47,607 46,434
Balance as at 31 March 2020 11,795,457 11,795,457
Interest income (638,585) (352,211)
Income tax expense (40,384) -
The financial statements are to be read in conjunction with the related notes, which form an integral part of these financial
statement of the Institute. Operating surplus before working capital changes 6,574,294 289,236

Changes in;

Receivables from CMA Sri Lanka (20,025) 41,500
Refundable deposit (25,000) -
Accrued expenses 273,312 105,073

Cash generated from operating activities 6,802,581 435,809

Income tax paid - -

Net cash generated from operating activities 6,802,581 435,809

Cash flows from investing activities
Acquisition of equipment (378,620) -
Net investments in fixed deposits (7,152,811) (700,457)

Interest income received 558,366 352,661
Net cash used in investing activities (6,973,065) (347,796)

Net (decrease) / increase in cash and cash equivalents (170,484) 88,013
Cash and cash equivalents at the beginning of the year 92,555 4,542

Cash and cash equivalents at the end of the year (Note 05) (77,929) 92,555

The financial statements are to be read in conjunction with the related notes, which form an integral part of these financial
statement of the Institute.