2008 Cash flow statement
Here is the cash flow statement for the year ended December 31, 2008.
Cash flow statement
Five year financial summary
| Operating activities | ||
|---|---|---|
| 2008 | 2007 | |
| N'000 | N'000 | |
| Cash(used in)/generated from operations | 5,639,113 | 4,877,875 |
| Tax paid | (490,042) | - |
| Retirement benefits paid | (345,894) | (773,523) |
| Net cash generated from operating activities | 4,803,177 | 4,104,352 |
| Cash flow investing activities | ||
|---|---|---|
Purchase of fixed assets | (1,188,740) | (2,193,846) |
Proceeds on disposal of fixed assets | 19,507 | 14,656 |
Interest received | 117,268 | 106,195 |
Net cash used in investing activities | (1,051,965) | (2,072,995) |
| Cash flow from financing activities | ||
|---|---|---|
Dividends paid | (951,219) | (822) |
Interest paid | (234,559) | (645,840) |
Net cash used in financing activities | (1,185,778) | (646,662) |
Increase in cash and cash equivalents | 2,565,434 | 1,384,695 |
| Movement in cash & cash equivalents | ||
|---|---|---|
At start of year | (2,474,023) | (3,858,718) |
Increase | 2,565,434 | 1,384,695 |
At end of year | 91,411 | (2,474,023) |