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  4. 2008 Cash flow statement

2008 Cash flow statement

Here is the cash flow statement for the year ended December 31, 2008.

Cash flow statement

Operating activities
20082007
N'000N'000
Cash(used in)/generated from operations5,639,1134,877,875
Tax paid(490,042)-
Retirement benefits paid(345,894)(773,523)
Net cash generated from operating activities4,803,1774,104,352
Cash flow investing activities

Purchase of fixed assets

(1,188,740)(2,193,846)

Proceeds on disposal of fixed assets

19,50714,656

Interest received

117,268106,195

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

2,565,4341,384,695
Movement in cash & cash equivalents

At start of year

(2,474,023)(3,858,718)

Increase

2,565,4341,384,695

At end of year

91,411(2,474,023)
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