Page 47 - Sun Resources 2014 Annual Report

CONSOLIDATED STATEMENT OF
CASH FLOWS  FOR THE YEAR ENDED 30 JUNE 2014
Consolidated
Note 2014 2013
$ $
Inflows
(Outflows)
Inflows
(Outflows)
Cash flows from operating activities
Receipts from customers 368,619 298,125
Payments to suppliers and employees (2,164,537) (1,885,550)
Interest received 122,207 80,336
Payments held in trust for future exploration (1,822,168) -
Payment of Bond (73,873) -
Net cash flow (used in) operating activities 5a (3,569,752) (1,507,089)
Cash flows from investing activities
Payments for plant and equipment (15,700) (141,917)
Payments for production (378,505) (5,369,367)
Payments for exploration (14,469,693) (9,974,966)
Receipt from exploration bonds - 325,061
Net cash flow (used in) investing activities (14,863,898) (15,161,189)
Cash flows from financing activities
Proceeds from issue of shares (net of costs) 17,900,554 18,930,447
Net cash flow provided by financing activities 17,900,554 18,930,447
Net (decrease)/increase in cash and cash equivalents held (533,096) 2,262,169
Cash and cash equivalents at the beginning of the financial year 3,550,749 1,224,499
Effects of exchange rate changes on cash and cash equivalents (359,681) 64,081
Cash and cash equivalents at the end of the financial year 5 2,657,972 3,550,749
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 2014  45