Page 52 - CPM Sri Lanka Annual Report 2020-2021

52 ACCELERATION THROUGH
ADAPTATION
CPM Sri Lanka | Annual Report 2020-2021

STATEMENT OF CASH FLOWS

As at 31 March,
Note 2021 2020

Rs. Rs.

Cash flows from operating activities
Surplus before tax expense 7,520,825 7,205,656

Adjustments for:
Depreciation of equipment 91,334 47,607
Interest income (853,509) (638,585)
Income tax expense (119,491) (40,384)
Operating surplus before working capital changes 6,639,159 6,574,294

Changes in;
Receivables from CMA Sri Lanka 28,025 (20,025)
Refundable deposit - (25,000)
Accrued expenses (489,048) 273,312
Cash generated from operating activities 6,178,136 6,802,581

Income tax paid - -
Net cash generated from operating activities 6,178,136 6,802,581

Cash flows from investing activities
Acquisition of equipment (26,800) (378,620)
Net investments in fixed deposits (6,790,179) (7,152,811)
Interest income received 853,509 558,366
Net cash used in investing activities (5,963,470) (6,973,065)

Net increase/(decrease) in cash and cash equivalents 214,666 (170,484)
Cash and cash equivalents at the beginning of the year (77,929) 92,555
Cash and cash equivalents at the end of the year (Note 05) 136,735 (77,929)

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

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