Page 34 - GROUP 3 NAKED HOTEL LIMITED ANNUAL REPORT

Naked Hotel Limited

Statement of Cash Flows

for the year ended December 31, 2016

Notes 2016 2015
$’000 $’000
Cash flows from Operating Activities
Profit before taxation 89,758 78,653
Finance Cost 6 15,000 20,000
Adjustment for Non-Cash Items:
Provision for Long-term liability 26 52 -
Depreciation 11 7,027 7,000
Gain on Disposal of Equipment 27 (7) -
(Increase)/Decrease in Operating Assets
Prepayments 13 (1,558) (3,069)
Stocks 15 227 (495)
Accounts Receivable 17 (908) (9,260)
Increase/(Decrease) in Operating Liabilities
Trade Creditors (1,851) 1,732
Accruals 14 6,360 743
Cash provided by operating activities 114,100 95,304
Corporation tax paid 28 (38,872) (30,044)
Net Cash provided by Operating 75,228 65,260
Activities

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