– – <strong>Annual</strong> Report <strong>2008</strong> 29
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER <strong>2008</strong> <strong>2008</strong> 2007 <strong>2008</strong> 2007 US$ US$ Riel Million Riel Million (Unaudited) (Unaudited) Cash flows from operating activities Cash (used in)/generated from operations (note 28) (19,939,701) 65,641,329 (81,374) 262,762 Income tax paid (5,104,960) (3,394,072) (20,834) (13,586) Net cash used in operating activities (25,044,661) 62,247,257 (102,208) 249,176 Cash flows from investing activities Reserve requirement with the Central <strong>Bank</strong> (23,999,976) (11,500,017) (97,944) (46,035) Proceeds from sale of property and equipment 122,178 90,146 499 361 Purchases of property and equipment (12,831,762) (10,079,408) (52,366) (40,348) Purchases of computer software (74,693) (1,162,108) (305) (4,652) Net cash used in investing activities (36,784,253) (22,651,387) (150,116) (90,674) Cash flows from financing activities Repayment of borrowing from KfW (427,429) (427,429) (1,744) (1,710) Repayments of borrowing from IFC - (2,500,000) - (10,008) Net cash used in financing activities (427,429) (2,927,429) (1,744) (11,718) Net changes in cash and cash equivalents (62,256,343) 36,668,441 (254,068) 146,784 Cash and cash equivalents: At the beginning of the year 139,887,823 103,219,382 559,971 418,761 Currency translation difference - - 10,912 (5,574) At the end of the year (note 4) 77,631,480 139,887,823 316,815 559,971 30 <strong>Annual</strong> Report <strong>2008</strong>