MHSC ANNUAL REPORT 2020

MINE HEALTH AND SAFETY COUNCIL ▪ ANNUAL REPORT 2019/20

Mine Health and Safety Council for the year ended March 31, 2020

Cash Flow Statement

2020

2019 Restated* R

R

Note(s)

Cash flows from operating activities

Receipts State funding

4,386,000

4,803,000

Interest income

8,891,982

10,306,470 74,928,266

Receipts from Mine Levies

75,047,596

88,325,578

90,037,736

Payments

Employee costs

(50,634,977) (58,179,732)

(46,027,518) (52,545,361)

Suppliers

Finance costs

(84,000)

(68,000)

(108,898,709)

(98,640,879)

Net cash flows from operating activities

(20,573,131)

(8,603,143)

18

Cash flows from investing activities

Purchase of property, plant and equipment Proceeds from sale of property, plant and equipment

(1,580,793)

(5,517,320)

3

26,929

1,121,593

3

Purchase of other intangible assets

(3,894,867)

(172,500)

4

Net cash flows from investing activities

(5,448,731)

(4,568,227)

Cash flows from financing activities

Finance lease payments

(548,896)

(419,487)

Net increase/(decrease) in cash and cash equivalents

(26,570,758)

(13,590,857)

Cash and cash equivalents at the beginning of the year

155,149,452

168,740,309

Cash and cash equivalents at the end of the year

128,578,694

155,149,452

10

68

“EVERY MINE WORKER RETURNING FROM WORK UNHARMED EVERYDAY”