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 | 2,516,827 | 2,112,733 | ||
The above statement should be read in conjunction with the accompanying notes | ||||
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