Page 10 - NYAA FY2024

Docusign Envelope ID: F067D57E-6E60-4F26-8227-97F17DC4DBB9

NATIONAL YOUTH ACHIEVEMENT AWARD ASSOCIATION

STATEMENT OF CASH FLOWS
For the financial year ended 31 December 2024

Note 2024 2023
$ $

Cash flows from operating activities
Surplus/(Deficit) for the financial year 221,790 (137,957)
Adjustments for:
- Depreciation and amortisation 159,625 178,411
- Interest income (7,567) (8,464)
- Interest expense - bank 16,409 8,597
- Interest expense - lease 7,166 14,758
397,423 55,345

Changes in working capital
- Deposits and other current assets 793 (9,725)
- Other payables (4,849) 42,723
Net cash provided by operating activities 393,367 88,343

Cash flows from investing activities
Additions to property, plant and equipment (514) (13,727)
Interest received 7,567 8,464
Net cash provided by/(used in) investing
activities 7,053 (5,263)

Cash flows from financing activities
Principal repayment of lease liabilities (152,008) (138,536)
Interest paid - lease (7,166) (14,758)
Interest paid - bank (16,409) (8,597)
Net cash used in financing activities (175,583) (161,891)

Net increase/(decrease) in cash and cash
equivalents 224,837 (78,811)
Cash and cash equivalents at the beginning of
financial year 5 (74,470) 4,341

Cash and cash equivalents at the end of financial
year 5 150,367 (74,470)

The accompanying notes form an integral part of these financial statements.

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