Axiom Mining 2015 Annual Report

GROUP FINANCIAL REPORT

Consolidated statement of cash flows for the year ended 30 September 2015

42

2015 $000

2014 $000

Note

Cash flows from operating activities Payments to suppliers and employees

(8,498)

(12,480)

Interest received Sundry income

12

3

7

91

Interest paid

(15)

(11)

Net cash outflow from operating activities

(8,494)

(12,397)

17

Cash outflows from investing activities Purchase of property, plant and equipment

(205)

(195) (960)

Mineral exploration expenditure

(6,087) (6,292)

Net cash outflow from investing activities

(1,155)

Cash flows from financing activities Proceeds from issue of ordinary shares

7,920 6,080

14,527

Proceeds from borrowings Repayment of borrowings

650

(226)

(13)

Net cash inflow from financing activities

13,774

15,164

(1,012)

1,612

Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at beginning of financial year

2,304

691

Effect of exchange rate changes

14

1

AXIOM MINING LIMITED ANNUAL REPORT 2015

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.