Interfront 2024 Annual Report

A B C D FINANCIAL INFORMATION International Frontier Technologies SOC Ltd Trading as Interfront Financial Statements for the year ended 31 March 2024 CASH FLOW STATEMENT AS AT 31 MARCH 2024 Figures in rand Note(s) 2024 2023 Cash flows from operating activities Receipts Rendering of services 185 738 546 164 683 854 Interest income 3 380 272 2 651 599 Prepaid amounts (4 293 201) (3 088 200) Gain/(loss) on exchange rate differences 118 732 390 030 184 944 349 164 637 283 Payments Employee costs (187 920 924) (155 109 496) Suppliers (21 008 642) (16 146 505) Taxes on surpluses 4 (1 197 613) (1 420 665) Movement in provisions 3 714 344 7 285 440 Movement in VAT 3 082 343 591 032 (203 330 492) (164 800 194) Net cash flows from operating activities 20 (18 386 143) (162 911) Cash flows from investing activities Purchase of property, plant and equipment 7 (4 010 642) (5 114 786) Purchase of other intangible assets 8 (50 907) (287 475) Proceeds from sale of property, plant and equipment 29 131 – Net cash flows from investing activities (4 032 418) (5 402 261) Net increase/(decrease) in cash and cash equivalents (22 418 561) (5 565 172) Cash and cash equivalents at the beginning of the year 52 158 925 57 724 100 Cash and cash equivalents at the end of the year 6 29 740 364 52 158 928