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82

AXIOM MINING LIMITED

ANNUAL REPORT 2015

COMPANY FINANCIAL REPORT

Statement of cash flows

for the year ended 30 September 2015

Notes

2015

AU$000

2014

AU$000

Net cash used in operating activities

20

(4,359)

(9,468)

Cash flows from investing activities

Purchase of items of property, plant and equipment

(66)

(7)

Advances to subsidiaries

(10,525)

(4,837)

Net cash flow used in investing activities

(10,591)

(4,844)

Cash flows from financing activities

Proceeds from issue of shares

7,920

15,243

Proceeds from borrowings

6,080

650

Repayment of borrowings

(87)

(13)

Net cash flow from financing activities

13,913

15,880

Net (decrease)/increase in cash and cash equivalents

(1,037)

1,568

Cash and cash equivalents at beginning of year

2,207

639

Cash and cash equivalents at end of year

11

1,170

2,207