MCCU Annual Report - page 54

54
2013
2012
$
$
Cash flows from Operating Activities
TOTAL COMPREHENSIVE INCOME AFTER HONORARIA
92,181,746
93,202,443
Non- cash items included in income
Depreciation - Property, Plant and Equipment
7,685,288
6,650,869
Loss on Asset Disposal
583,709
-
( 1,568,000)
( 14,773,000)
(Gain)/Loss on Revaluation of Investments
( 758,219)
294,858
Provision for Loan Impairment
17,821,954
7,170,385
115,946,478
92,545,555
Decrease / (Increase) in Operating Assets
Other Assets
10,516,107
1,793,340
Increase / (decrease) in Operating Liabilities
Accruals
( 1,710,150)
4,637,078
Payables
2,850,511
( 5,086,128)
Others
( 839,443)
( 537,709)
126,763,503
93,352,136
Addition to Property, Plant & Equipment
( 7,049,452)
( 7,600,944)
Financial Investments
59,533,477
( 50,143,086)
Loans advanced to Members
( 1,007,203,487)
( 1,061,160,131)
Repayment of Loans by Members
770,608,937
687,692,099
( 184,110,525)
( 431,212,062)
Voluntary Share Capital
94,319,972
71,513,546
Permanent Share Capital
7,997,741
11,469,011
Entrance Fees
-
24,532
Savings Deposits
129,089,994
117,130,984
Social Outreach
( 447,550)
( 471,550)
Permanent Share Redemption
( 75,249)
1,059,410 <<<
Dividend on Permanent Shares
( 6,294,498)
( 3,983,988)
Share Building Reserves
78,954
( 2,838,720)
Disaster Relief Fund
( 105,830)
( 50,000)
Sydney Carter Scholarship Fund
( 600,000)
( 450,000)
Net Cash Provided by Financing Activities
223,963,534
193,403,225
Increase/(Decrease) in Liquid Assets
166,616,512
( 144,456,701)
Liquid Assets at Beginning of Year
677,426,771
821,883,472
Liquid Assets at End of Year
844,043,283
677,426,771
Liquid Assets - Earning
783,590,567
634,247,938
Liquid Assets - Non - Earning
60,452,717
43,178,833
844,043,284
677,426,771
The accompanying notes form an integral part of the financial statements.
Pension Income
Net Cash Used in Investing Activities
Net Cash Provided by Operating Activities
MANCHESTER CO-OPERATIVE CREDIT UNION (1977) LIMITED
STATEMENT OF CASH FLOWS
YEAR ENDED 31ST DECEMBER 2013
Cash Flows from Investing Activities:
Cash Flows from Financing Activities:
MANCHESTER CO-OPERATIVE CREDIT UNION
ANNUAL REPORT 2013
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