Note 16: Reconciliation of net surplus/(deficit) to net cash flow from operating activities
This reconciliation discloses the non-cash adjustments applied to the deficit reported in the Statement of comprehensive revenue and expenses to arrive at the net cash flow from operating activities disclosed in the Statement of cash flows.
| Actual 2020/21 $000 |
Actual 2019/20 $000 |
|
|---|---|---|
| Net Surplus/(Deficit) | 2,001 | (1,634) |
| Add/(Less) non-cash items | ||
| Depreciation and amortisation | 1,270 | 1,196 |
| Total non-cash items | 1,270 | 1,196 |
| Add/(Less) movements in working capital items | ||
| (Increase)/Decrease in prepayments | (35) | (261) |
| (Increase)/Decrease in receivables | (1,745) | (598) |
| (Increase)/Decrease in work in progress | (1,355) | 1,090 |
| (Decrease)/Increase in payables | 248 | 373 |
| (Decrease)/Increase in employee entitlements | 1,244 | 1,355 |
| Total movements in working capital items | (1,643) | 1,959 |
| Add/(Less) items classified as investing activities | ||
| Loss/(Gains) on sale of plant and equipment | 4 | 7 |
| Total items classified as investing activities | 4 | 7 |
| Net cash flow from operating activities | 1,632 | 1,528 |