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AXIOM MINING LIMITED
ANNUAL REPORT 2015
GROUP FINANCIAL REPORT
Consolidated statement
of cash flows
for the year ended 30 September 2015
Note
2015
$000
2014
$000
Cash flows from operating activities
Payments to suppliers and employees
(8,498)
(12,480)
Interest received
12
3
Sundry income
7
91
Interest paid
(15)
(11)
Net cash outflow from operating activities
17
(8,494)
(12,397)
Cash outflows from investing activities
Purchase of property, plant and equipment
(205)
(195)
Mineral exploration expenditure
(6,087)
(960)
Net cash outflow from investing activities
(6,292)
(1,155)
Cash flows from financing activities
Proceeds from issue of ordinary shares
7,920
14,527
Proceeds from borrowings
6,080
650
Repayment of borrowings
(226)
(13)
Net cash inflow from financing activities
13,774
15,164
Net (decrease)/increase in cash and cash equivalents
(1,012)
1,612
Cash and cash equivalents at beginning of financial year
2,304
691
Effect of exchange rate changes
14
1
Cash and cash equivalents at end of financial year
1,306
2,304
The notes on pages 43 to 70 form part of these nancial statements.