Umsobomvu Youth Fund Annual Report 2006 - Nyda

notes to thefinancialstatementsfor the year ended31 March 2006GROUPCOMPANY2006 2005 2006 2005Rand Rand Rand Rand20 Notes to the cash flow statement20.1 Reconciliation of interest incomeInterest income 52 133 678 69 783 319 52 574 535 69 783 319Adjusted for non-cash flow items:Interest receivable loans (386 492) (875 032) (386 492) (875 032)Less: Item disclosed separatelyInterest on staff loans (2 918) (2 793) (2 918) (2 793)51 744 268 68 905 494 52 185 125 68 905 49420.2 Reconciliation of operating expenditureOperating expenses 44 466 002 30 118 099 41 182 030 30 118 099Adjusted for non-cash flow items:Depreciation and amortisation (3 071 266) (417 291) (2 863 285) (417 291)Specific impairment – Progress Fund (405 612) – (405 612) –Specific impairment – Micro Finance (5 321 817) (476 302) (5 321 817) (476 302)Specific impairment – General Fund (2 194 528) (3 207 531) (2 323 615) (3 207 531)Deferred expenses 547 319 (189 750) 547 319 (189 750)34 020 098 25 827 225 30 815 020 25 827 22520.3 Changes in working capitalAdjusted for changes in working capital:Increase in trade and other receivables 2 687 530 (1 374 947) 2 303 333 (1 374 947)Increase in current liabilities (20 382 532) (2 542 044) (19 891 756) (2 542 044)(17 695 002) (3 916 991) (17 588 423) (3 916 991)20.4 Disbursements to projectsUmsobomvu Youth Fund 2006 Financial StatementsDisbursements to projects 117 876 112 104 501 507 117 876 112 104 501 507Adjusted for non-cash flow items:Depreciation (210 590) (350 208) (210 590) (350 208)117 665 522 104 151 299 117 665 522 104 151 29972