USL Cash Flows
 
PERIOD ENDED: 30-Jun-11 30-Jun-12 30-Jun-13 30-Jun-14 30-Jun-15
Unit: KES ‘000s KES ‘000s KES ‘000s KES ‘000s KES ‘000s
Statement type: Audited Audited Audited Restated Audited
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NET CASH FLOWS FROM OPERATING ACTIVITIES
Profit before income tax 514,833 403,343 485,902 432,777 -3,513,064
Adjustments for:
Depreciation of property, plant and equipment 79,069 190,802 275,510 330,657 304,065
Change in fair value of investment properties -160,721 -250,000 -480,000 -720,000 -100,000
Amortisation of prepaid operating lease rentals 271 275 268 269 269
Amortisation of intangible asset 14,371 13,995 8,019 9,342 8,618
Finance expense 64,640 335,854
Interest received -5,314 -8,222 -3,050 -5,538
Profit on disposal of property, plant and equipment -840 -1,806 -1,038
Operating profit before working capital changes 441,669 348,387 285,611 117,685 -2,969,796
Increase in trade and other receivables -69,987 -59,329 -47,367 -39,157 65,324
Increase in amounts due to related parties -3,648 2,094 3,175 -16,054
Increase in inventories -129,501 -229,068 -117,306 -144,815 410,211
Increase in trade and other payables 19,849 520,366 214,443 726,786 1,292,085
Decrease in deferred revenue -92 -30,591 -4,833 11,569 3,756
Net cash flows from operations 258,290 551,859 333,923 656,015 -1,198,421
Interest received 8,222 3,050 5,538
Income tax paid -10,781 -14,527 -4,784 -8,808 -9,280
Net cash used in/generated from operating activities 247,509 545,554 332,189 647,207 -1,202,163
           
INVESTING ACTIVITIES
Purchase of property, plant and equipment -300,073 -715,542 -427,237 -465,513 -193,176
Proceeds from disposalof property and equipment 1,307 2,288 1,038
Additions to investment properties -9,279
Purchase of intangible asset -7,962 -12,663 -13,851 -3,993
Net cash used in investing activities -316,007 -725,917 -440,050 -465,513 -197,169
           
FINANCING ACTIVITIES
Finance cost -64,640 -335,854
Proceeds from sale and lease back 1,097,661
Repayment of lease obligations -148,985
Proceeds from rights issue 895,815
Rights issue expenses -117,098
Payment of dividends -79,627 -79,627 -79,627
Receipt/Repayments of long term borrowing -131,714 -135,416 195,157 434,907 -549,185
Net cash generated from/used in financing activities -131,714 -135,416 115,530 290,640 762,727
           
NET DECREASE IN CASH AND CASH EQUIVALENTS -200,212 -315,779 7,669 472,334 -636,605
           
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR 211,268 -5,959 -305,137 -288,569 149,571
Effects of exchange rate changes on opening net investment in foreign entities -17,015 16,601 8,899 -34,194 182,405
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR -5,959 -305,137 -288,569 149,571 -304,629