Page 115 - annual_report_2024

CA Sri Lanka Integrated Annual Report 2024 113

Statement of Cash Flows

For the Year Ended 31 December 2024 2023
Note Page No Rs.’000 Rs.’000
Cash flows from operating activities
Income over expenditure for the year before tax 657,038 334,827

Adjustments for;
Depreciation and amortisation 5 & 21 127 &135 77,389 71,203
Reimbursements and amortisation of restricted funds and grants 12.1 130 (5,208) (4,784)
Contribution to designated funds 11.1 129 19,167 17,294
Contribution to restricted funds and grants 12.1 130 7,653 4,199
Contribution to endowment funds 13 132 502 511
Provision for defined benefit plan 14.1 132 7,741 6,954
Provisions for impairments 9 128 41,960 -
Profit on disposal of property, plant and equipment 23 135 (103) -
Amortisation of prepaid staff cost 19 134 2,440 (173)
Finance income 24.1 135 (429,542) (387,032)
Finance cost 24.2 136 3,738 5,410
Operating income over expenditure before working capital 382,775 48,410
changes

(Increase) / decrease in inventory 8 128 6,542 13,634
(Increase) / decrease in receivables 9 128 (94,849) (36,358)
(Increase) / decrease in loans and advances to staff 6 127 (4,377) 2,448
Increase / (decrease) in payables and advances received 16 133 41,776 7,349
Increase / (decrease) in deferred income (5,740) 26,984
Cash generated from operations 326,127 62,466
Tax paid 17 134 (71,014) (47,753)
Gratuity paid 14 132 (5,973) (11,452)
Rent paid (24,117) (29,442)
Net cash inflow /(used in) from operating activities 225,024 (26,181)

Cash flows from/ (used in) investing activities
Acquisition of property, plant and equipment and library books 3 & 5 125 & 127 (74,340) (84,415)
Sales proceeds property, plant and equipment 121 -
Acquisition of intangible assets 4 126 (11,510) (7,808)
Investments in financial assets at amortised cost (483,438) (349,644)
Maturity proceeds received from financial assets at amortised cost 75,313 124,644
Finance income received 358,079 327,971
Net cash flow from investing activities (135,775) 10,748
Cash flows from / (used in) financing activities
Receipts to restricted funds and grants 12.1 130 34,053 36,053
Payments made from designated funds 11.1 129 (14,539) (13,420)
Payments made from restricted funds 12.1 130 (6,144) (26,237)
Net cash flow used in financing activities 13,370 (3,604)
Net increase / (decrease) in cash and cash equivalents 102,619 (19,037)
Cash and cash equivalents at the beginning of the year 107,044 126,081
Cash and cash equivalents at the end of the year 10 128 209,663 107,044

The accounting policies and notes on pages 114 to 139 form an integral part of these financial statements.