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CASH FLOW STATEMENT FOR THE PERIOD ENDED 30 JUNE 2021

Notes

2021

$

2020

$

OPERATING ACTIVITIES

Cash received

Loans repayments from members

7,486,108

8,809,862

Interest

368,845

572,464

Administration fees

65,060

81,000

RANCCF contribution

103,001

104,601

Donations

96,423

61,570

Total cash received

8,119,437

9,241,883

Cash used

Loans provided to members

7,605,331

9,178,472

Grants

72,302

89,454

Audit fees

30,910

20,570

Other expenses

6,800

7,796

Total cash used

7,715,343

9,296,292

Net cash from operating activities

404,094

333,205

INVESTING ACTIVITIES

Cash used

Purchase of Intangible - upgrade to LAMS

-

(25,583)

Net cash used by investing activities

-

(25,583)

Net increase in cash held

404,094

307,622

Cash and cash equivalents at the beginning of the reporting period

2,112,733

1,805,111

Cash and cash equivalents at the end of the reporting period

2.1A

2,516,827

2,112,733

The above statement should be read in conjunction with the accompanying notes