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 |
