Statement of cash flows

Note

2015

2014

Operating activities

Rental receipts

46,405

40,392

Service charge receipts

9,308

9,237

Operating payments

(22,831)

(10,094)

Service charge payments

(11,404)

(8,702)

VAT received (paid)

160

164

Interest received

1

21

Cash flows from operating activities

21,639

31,018

Investment activities

Proceeds from sale of investment property

70,531

-

Payments of investment property

12

(8,103)

(131,400)

Payments of investment property under construction

13

(1,479)

(3,749)

Cash flows from investment activities

60,949

(135,149)

Finance activities

Proceeds from the issue of share capital

10,000

144,000

Repayment of share premium

-

(22,000)

Dividends paid

(24,424)

(26,700)

Cash flows from finance activities

(14,424)

95,300

Net increase/ (decrease) in cash and cash equivalents

68,164

(8,831)

Cash and cash equivalents at beginning of year

18,604

27,435

Cash and cash equivalents at end of year

15

86,768

18,604