Consolidated statement of cash flows

For the year ended 31 march 2016

notes 2016

nz$

2015

nz$

Cash Flows From operating activites
Cash was received from:

receipts from customers

 

877,427

 

12,058

interest income 18,141 811
other receipts 1,386
Cash was applied to:

payments to suppliers and employees

 

(3,334,581)

 

(78,687)

interest costs (4) (51)
net cash outflow from operating activities 19 (2,437,631) (65,869)
Cash Flows From investing activities
Cash was received from:

proceeds from loans receivable

 

 

100,839

Cash was applied to:

purchase of property, plant and equipment

 

13

 

(66,676)

 

purchase of national dairy group distribution right Agreement 25 (200,000)
purchase of longview estate 25 (2,368,996)
net cash inflow / (outflow) from investing activities (2,635,672) 100,839
Cash Flows From financing activities
Cash was received from:

proceeds from the issue of ordinary shares

 

2,300,000

 

150,000

proceeds from the issue of ordinary shares to non-controlling interests 1,176,000
related party payables 2,252,407
Cash was applied to:

payment of share issue costs

 

(47,643)

 

(105,824)

treasury stock (74)
net cash inflow from financing activities 5,680,690 44,176
net increase/ (decrease) in cash and cash equivalents 607,387 79,146
Cash and cash equivalents at the beginning of the year 81,601 2,455
Cash and cash equivalents at the end of the year 688,988 81,601

 

August 30, 2016
About afc-admin