Page 147 - WCPP Annual Report 2021-22_Draft #7.6.2

Annual Report for the 2021/22 Financial Year
Vote 2: Western Cape Provincial Parliament
Part E: Financial Information for the year ended 31 March 2022

Cash Flow Statement
Figures in Rand Note(s) 2022 2021

Restated*

Cash flows from operating activities

Receipts

Cash receipts from services (56,170) 457,957
Cash receipts from appropriation 208,402,721 190,355,058

Interest income 252,162 367,400

208,598,713 191,180,415

Payments
Cash paid to employees and members (119,207,390) (118,910,729)

Cash paid to suppliers (72,727,193) (67,681,697)

Direct charge surrendered (4,643,843) (2,414,018)

Finance costs (618,107) (786,693)

(197,196,533) (189,793,137)

Net cash flows from operating activities 26 11,402,180 1,387,278

Cash flows from investing activities

Purchase of property, plant and equipment 10 (1,660,500) (819,237)

Proceeds from sale of property, plant and equipment 10 15,648 7,742

Purchase of other intangible assets 11 (1,810,102) (1,620,551)
Decrease/(Increase) in Long term receivables 3,486 (8,015)

Net cash flows from investing activities (3,451,468) (2,440,061)

Cash flows from financing activities

Transfer of LSS funding - (750,000)

Finance lease obligation (92,010) (136,393)

Net cash flows from financing activities (92,010) (886,393)

Net increase/(decrease) in cash and cash equivalents 7,858,702 (1,939,176)

Cash and cash equivalents at the beginning of the year 14,119,065 16,058,241

Cash and cash equivalents at the end of the year 3 21,977,767 14,119,065

* See Note 41

Annual Report for 2021/22 Financial Year Page 132