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2022 2021
R
R
16. Investment income
Interest income
Interest received: Bank
618 273
806 430
Interest received: Other financial assets
276 322
233 955
894 595
1 040 385
Dividend income
Dividends received
205 652
213 692
205 652
213 692
1 100 247
1 254 077
17. Fair value adjustments
Other financial assets
(166 682)
3 168 075
(166 682)
3 168 075
18. Finance costs
Interest paid – other payables
2
869
2
869
20. Cash flows from operating activities
Surplus/(deficit) for the year
7 160 237
(5 464 691)
Adjustments for:
Finance costs
2
-
Bad debts
-
-
Depreciation/amortisation
2 828 122
2 974 890
Investment income
(1 100 247)
(1 254 077)
(Profit)/loss on disposal of property, plant and equipment
(385 902)
6 242
Fair value adjustments
166 682
(3 168 075)
Operating cash flow before working capital changes
8 668 894
(6 905 711)
Working capital changes
(Increase)/decrease in inventories
(180 472)
1 793
Increase in trade and other receivables
(3 764 949)
(838 371)
Decrease in trade and other payables
(5 214 852)
(1 636 656)
Net cash flows used in operations
(491 379)
(9 378 945)
19. Income tax expense
The organisation is exempt in terms of section 30B of the Income Tax Act and as such all its income is exempt from
income tax in terms of section 10(1)(d)(iv)(bb) of the Act.
FINANC
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STATEMEN
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