CGE ANNUAL REPORT

2022/23 ANNUAL REPORT

Financial Statements for the year ended 31 March 2023

Cash Flow Statement for the year ended 31 March 2023

Figures in Rand

Note(s)

2023

2022

Cash flows from operating activities

Receipts Grants

92 328 000 1 185 365

91 376 000

Interest income

616 789

Public contributions and donations

18 000 67 683

-

Sundry Income

95 758

93 599 048

92 088 547

Payments Employee costs

(58 501 876) (37 482 320) (95 984 196) (2 385 148)

(54 372 015) (31 579 306) (85 951 321)

Suppliers

Net cash flows from operating activities

6 137 226

18

Cash flows from investing activities Purchase of property, plant and equipment

6 6 7

(4 360 058)

(712 332)

Proceeds from sale of property, plant and equipment

1 747

12 043

Purchase of other intangible assets Net cash flows from investing activities

(92 590)

(508 150)

(4 450 901)

(1 208 439)

Cash flows from financing activities Finance lease payments

(289 192)

(394 920)

Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year

(7 125 241) 26 398 296 19 273 055

4 533 867 21 864 429 26 398 296

5

177