Page 104 - InterloopAnnualReport2020

STATEMENT OF CASH FLOWS

- DIRECT METHOD

2020 2019
Particulars Rupees in ‘000 Rupees in ‘000
Cash flows from operating activities
Receipt from customers 37,354,752 36,517,478
Cash paid to suppliers and employees (32,720,474) (29,041,332)
Finance cost paid (1,049,053) (1,001,655)
Income tax paid (448,202) (238,195)
Staff retirement gratuity paid (122,931) (131,021)
Workers’ profit participation fund paid (288,315) (232,069)
Long term loans paid (42,293) (14,049)
Long term deposits paid (10,318) (3,202)
Settlement of derivative financial instruments (106,843) -
Profit on term deposit receipts (TDRs) received 36,131 182
Net cash generated from operating activities 2,602,454 5,856,137
Cash flows from investing activities
Additions in:
Property, plant and equipment (6,422,247) (4,632,295)
Intangible asset (120,229) (32,798)
Proceeds from disposal of property, plant and equipment 48,636 139,466
Profit on term finance certificates (TFCs) received 55,000 -
Long term investments (845,000) (699,000)
Net cash used in investing activities (7,283,840) (5,224,627)

Cash flows from financing activities
Long term financing obtained 4,592,913 4,228,002
Repayment of long term financing (2,204,245) (2,568,542)
Payment of lease rentals (13,605) (847)
Short term borrowings - net 2,628,861 (3,454,937)
Share capital issued - 1,102,558
Share premium - 3,782,976
Dividend paid (2,526,526) (1,434,588)
Net cash generated from financing activities 2,477,398 1,654,622
Net (decrease)/ increase in cash and cash equivalents (2,203,988) 2,286,132
Cash and cash equivalents at the beginning of the year 2,479,819 193,687
Cash and cash equivalents at the end of the year 275,831 2,479,819

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