Gold Mines of Sardinia Limited

A.C.N. 009 234 851

Cash Flow
Up

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2000

 

 

 

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

         

Receipt from customers

 

14,514

13,704

-

-

Payments to suppliers and employees

 

(11,771)

(12,472)

(2,072)

(1,669)

Interest income

 

354

197

258

76

Borrowing costs

 

(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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This Web site was compiled by Jonathan Hippisley, Email: info@InterActivEd.com under the direction of the management of Gold Mines of Sardinia Limited. 
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Copyright 2001 Gold Mines of Sardinia Limited
Last modified: April 03, 2001