ELRC 202324 Annual Report

Financial Statements for the year ended 31 March 2024 EDUCATION LABOUR RELATIONS COUNCIL | 2023/24 ANNUAL REPORT

L EDUCATION LABOUR RELATIONS COUNCI

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024

March 2024

March 2023

R

R

Notes

Cash flows from operating activities

Cash received from customers

106 145 142

102 384 527

Cash paid to suppliers and employees

(95 826 187)

(78 760 152)

Net cash from operating activities

14

10 318 954

23 624 375

Cash flows from investing activities

2

Purchase of property and equipment

(788 189)

(2 201 634)

2

Disposal of property and equipment

2 859

55 830

3

Purchase of intangible assets

(118 065)

-

9

Cash received from investment

20 717 639

13 445 815

Net cash from investing activities

19 814 244

11 300 011

Increase in cash and cash equivalents for the year

30 133 198

34 924 386

Cash at the beginning of the year

246 646 041

211 721 656

Total cash at the end of the year

5

276 779 239

246 646 041

138