Annual Report 2005 - Institute of Policy Studies of Sri Lanka

FinancialsCash Flow Statement for the Year Ended31st December 200531.12.2005 31.12.2004Rs. Rs.Income /(Expenditure) before tax 45,739,889 (1,362,360)Adjustments forDepreciation 5,455,696 5,216,596Provision for Gratuity 558,726 420,361Project Income - 221,357Profit/(loss) on Disposal of Plant, Equipment& Motor vehicles 66,804 -Operating Profit before Working Capital Charges 51,821,115 4,495,955Changes in Working Capital(Increase)/Decrease in Staff Receivables 119,145 (339,700)(Increase)/Decrease in Other Receivables (6,235,537) 19,618,977(Increase)/Decrease in Pre Payments (217,445) (150,244)Increase/(Decrease) in Other Payables 1,074,990 (5,968,356)Increase/(Decrease) in Accruals (8,538,660) 9,623,046Cash Flow from Operations (13,797,507) 22,783,724Income Tax Paid - -Net Cash Flow after Operating Activities 38,023,608 27,279,679Payable to Consortiums (12,783,500) 4,742,500Purchase of Property, Plant & Equipment (972,731) (2,118,118)Reclassification of Fixed Assets - -Sales proceeds from Disposal ofProperty, Plant & Equipment 47,770 -Net Cash Flow from Investing Activities (924,961) (2,118,118)Net Increase/(Decrease) in Cash &Cash Equivalents (Note) 24,315,147 29,904,061Cash & Cash Equivalents at thebeginning of the Period 158,790,244 128,886,183Cash & Cash Equivalents at the end of the Period 183,105,391 158,790,244NOTE 31.12.2005 31.12.2004 Changes inthe periodRs. Rs. Rs.Cash at Bank and in Hand 18,149,385 67,284,542 (49,135,157)Fixed Deposits 164,956,006 91,505,702 73,450,304183,105,391 158,790,244 24,315,14757__________ Annual Report 2005