Interfront Annual Report 2022

PART E: FINANCIAL INFORMATION 85 International Frontier Technologies SOC Ltd Trading as Interfront Financial Statements for the year ended 31 March 2022 CASH FLOW STATEMENT Figures in Rand Note(s) 2022 2021 Restated* Cash flows from operating activities Receipts Rendering of services 108 692 480 129 981 203 Interest income 1 786 154 1 982 549 SARS Prepaid amounts 3 043 649 4 337 752 Foreign exchange profit/(loss) and other sundry income (374 529) (531 699) 113 147 754 135 769 805 Payments Employee costs (96 270 139) (96 241 846) Suppliers (13 134 273) (10 227 332) Taxes on surpluses 3 (208 805) 971 358 Movement in provisions 133 122 (596 210) VAT movement 122 806 (2 244 717) (109 357 289) (108 338 747) Net cash flows from operating activities 20 3 790 465 27 431 058 Cash flows from investing activities Purchase of property, plant and equipment 6 (1 854 172) (786 571) Purchase of other intangible assets 7 - (331 645) Proceeds from sale of property, plant and equipment 30 435 - Net cash flows from investing activities (1 823 737) (1 118 216) Cash flows from investing activities Payment of Shareholder’s loan - (12 595 853) Net increase/(decrease) in cash and cash equivalents 1 966 728 13 716 989 Cash and cash equivalents at the beginning of the year 55 757 374 42 040 381 Cash and cash equivalents at the end of the year 5 57 724 102 55 757 370