Page 51 - Sun Resources Annual Report 2013

FOR THE YEAR ENDED 30 JUNE 2013
CONSOLIDATED STATEMENT
OF CASH FLOWS
Consolidated
Note 2013 2012
$ $
Inflows
(Outflows)
Inflows
(Outflows)
Cash flows from operating activities
Receipts from customers 298,125 37,211
Payments to suppliers and employees (1,885,550) (1,388,276)
Interest received 80,336 126,130
Finance costs - (71,742)
Net cash flow (used in) operating activities 5a (1,507,089) (1,296,677)
Cash flows from investing activities
Payments for plant and equipment (141,917) (10,540)
Payments for production (5,369,367) (199,324)
Payments for exploration (9,974,966) (9,535,563)
Receipt from exploration bonds 325,061 -
Loan from associated entity - 2,000,000
Repayment of loan from associated entity - (2,000,000)
Net cash flow (used in) investing activities (15,161,189) (9,745,427)
Cash flows from financing activities
Proceeds from issue of shares (net of costs) 18,930,447 10,249,902
Net cash flow provided by financing activities 18,930,447 10,249,902
Net (decrease)/increase in cash and cash equivalents held 2,262,169 (792,202)
Cash and cash equivalents at the beginning of the financial year 1,224,499 1,946,964
Effects of exchange rate changes on cash and cash equivalents 64,081 69,737
Cash and cash equivalents at the end of the financial year 5 3,550,749 1,224,499
Non-cash financing and investing activities 5
The above Consolidated Statement of Cash Flows should be read in conjunction with the notes to the Consolidated Financial Statements.
SUN RESOURCES ANNUAL REPORT 2013 49