Page 13 - Bahamas Waste inside pages

STATEMENT OF CASH FLOWS
(Expressed in Bahamian Dollars)
BAHAMAS WASTE LIMITED
Year ended December 31
2018 2017
Operating activities
Net income Adjustments for:
Impairment losses (Note 17)
Reversal of provision (write-down) of obsolete inventory Depreciation (Note 9)
Loss/ (gain) on disposal of property, plant, and equipment Share in net loss of associates (Note 8)
Change in operating assets and liabilities: Accounts receivable
Inventories
Other assets (including loan receivable) Accounts payable and accrued liabilities Value added tax payable
Security deposits
$ 1,347,668
141,319 39,891 1,223,891 15,179 59,233
(215,243 ) (78,955 ) (268,903 )
50,476 23,346 38,446
2,376,350
(1,343,457 ) –
(1,343,457 )
(37,174 ) (957,055 ) (994,229 )
38,664 1,210,575 $ 1,249,239
$
1,141,049
123,100 (3,891 )
1,307,976 (18,737 )
87,663
(179,625 ) 56,835 (65,571 ) 36,568
(7,373 ) 19,632
Net cash provided by operating activities
2,497,626
Investing activities
Purchases of property, plant, and equipment (Note 9) Proceeds from sale of property, plant, and equipment
(1,806,753 ) 31,039
Net cash used in investing activities
(1,775,714 )
Financing activities
Purchase of treasury shares (Note 10) Dividends paid (Note 14)
(53,960 ) (920,024 )
Net cash used in financing activities
(973,984 )
Net increase (decrease) in cash Cash at beginning of the year
(252,072 ) 1,462,647
Cash at end of the year (Note 4)
$ 1,210,575
See accompanying notes to financial statements.
13
BAHAMAS WASTE LIMITED ANNUAL REPORT 2018