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Note 10: Cash Flow Reconciliation

Consolidated

2020

2019

$

$

Note 10A

Reconciliation of cash and cash equivalents as per statement of financial position and cash flow statement

Cash flow statement

13,689,597

35,114,732

Statement of financial position

13,689,597

35,114,732

Discrepancy

-

-

Reconciliation of (loss)/profit to cash flows from operating activities

(Loss)/profit for the year after income tax

(784,644)

287,724

Items classified as investing activities:

Interest received

(312,254)

(867,959)

Distributions received on managed investments

(547,278)

-

Food security, nutrition and store expenditure grants

1,294,556

2,832,629

Non cash flows in profit

Depreciation and amortisation

761,162

682,136

Reversal of prior year fair value adjustment

(20,658)

-

Net loss/(gain) on financial instrument at fair value through profit and loss

354,973

(195,387)

Gain on disposal of fixed assets

(134,491)

(239,192)

Losses from sale of assets from discontinued operations

376,660

-

Loss on investments made

1,039

-

Changes in net assets and liabilities:

(Increase)/decrease in assets:

Trade and other receivables

(591,894)

187,019

Inventories

252,737

23,694

Other non-financial assets

(11,514)

141,128

Current tax assets

(12,046)

-

Deferred tax assets

(658,992)

(26,133)

Increase/(decrease) in liabilities:

Trade and other payables

(188,892)

(243,836)

Deferred revenue- Government grants

(1,212,296)

(2,588,083)

Employee provisions

197,358

109,718

Current tax liabilities

(83,833)

83,833

Deferred tax liabilities

290,801

21,225

Net cash from operating activities

(1,029,506)

208,516