|
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2000
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|
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Consolidated |
Gold Mines of Sardinia
Limited |
| |
N
O
T
E
S |
Year
Ended
31/12/00
$000 |
Year
Ended
31/12/99
$000 |
Year
Ended
31/12/00
$000 |
Year
Ended
31/12/99
$000 |
CASH FLOWS FROM
OPERATING ACTIVITIES
|
|
|
|
|
|
|
|
|
14,514 |
13,704 |
- |
- |
Payments to suppliers and employees
|
|
(11,771) |
(12,472) |
(2,072) |
(1,669) |
|
Interest income |
|
354 |
197 |
258 |
76 |
|
|
|
(275)
__________ |
(907)
__________ |
(569)
__________ |
(470)
__________ |
Net cash flows from/(used in) operating activities
|
13b |
2,822
__________ |
522
__________ |
(2,383)
__________ |
(2,063)
__________ |
CASH FLOWS FROM
INVESTING ACTIVITIES
|
|
|
|
|
|
|
Purchase of investment |
|
- |
- |
- |
(15) |
Proceeds from sale of plant and equipment
|
|
288 |
- |
- |
- |
Acquisition of plant and equipment
|
|
(837) |
(90) |
- |
- |
Exploration, evaluation and development expenditure
|
|
(4,319)
__________ |
(5,162)
__________ |
-
__________ |
-
__________ |
Net cash flows used in investing activities
|
|
(4,868)
__________ |
(5,252)
__________ |
-
__________ |
(15)
__________ |
CASH FLOWS FROM
FINANCING ACTIVITIES
|
|
|
|
|
|
|
Proceeds from issue of shares |
|
10,314 |
7,761 |
10,314 |
7,761 |
|
Share issue expenses |
|
(328) |
(457) |
(328) |
(457) |
|
Finance Lease principal |
|
(40) |
(77) |
- |
- |
|
Advance to controlled entity |
|
- |
- |
(1,489) |
(9,028) |
|
Borrowings - other |
|
- |
- |
(3,939) |
5,830 |
Advances from other entities
Repayment of borrowings
|
|
956
(6,188)
__________ |
2,275
(3,106)
__________ |
-
-
__________ |
-
-
__________ |
Net cash flows from/(used in) financing activities
|
|
4,714
__________ |
6,396
__________ |
4,558
__________ |
4,106
__________ |
|
Net increase/(decrease) in cash held |
|
2,668 |
1,666 |
2,175 |
2,028 |
Add opening cash brought forward
Exchange rate adjustment to opening cash
|
|
3,112
(75)
__________ |
1,802
(356)
__________ |
2,265
-
__________ |
237
-
__________ |
|
Closing cash carried forward |
13a |
5,705
========== |
3,112
========= |
4,440
========== |
2,265
========== |
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