Axiom Mining 2015 Annual Report

COMPANY FINANCIAL REPORT

Statement of cash flows for the year ended 30 September 2015

82

2015 AU$000

2014 AU$000

Notes

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) (10,591)

(4,837) (4,844)

Net cash flow used in investing activities

Cash flows from financing activities Proceeds from issue of shares

7,920

15,243

Proceeds from borrowings Repayment of borrowings

6,080

650

(87)

(13)

Net cash flow from financing activities

13,913

15,880

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

(1,037) 2,207 1,170

1,568

639

Cash and cash equivalents at end of year

2,207

11

AXIOM MINING LIMITED ANNUAL REPORT 2015