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Financial Statement2024 2023Cash flows from operating activities $ $Net income before tax 363,001 487,085Depreciation of plant and equipment 23,002 20,678Amortisation of right-of-use assets 152,106 145,398Interest expense 8,788 1,862Interest income (60,303) (34,323)Operating cash flows before changes in working capital 486,594 620,700Trade and other receivables (86,411) 1,053,228Other assets (180,986) (11,168)Trade and other payables 125,575 (113,853)Other liabilities 261,569 682,546Cash restricted in use (Note 15) (18,000) (652,000)Net cash flows generated from operating activities 588,341 1,579,453Cash flows from / (used in) investing activitiesPurchase of plant and equipment (16,545) (14,170)Interest income received 66,286 10,028Net cash flows generated from / (used in) investing activities 49,741 (4,142)Cash flows used in financing activitiesInterest expense paid (8,788) (1,862)Repayment of principal portion of lease liabilities (149,335) (148,164)Net cash flows used in financing activities (158,123) (150,026)Net increase in cash and cash equivalents 479,959 1,425,285Cash and cash equivalents, beginning balance 3,101,521 1,676,236Cash and cash equivalents, ending balance (Note 15A) 3,581,480 3,101,521The accompanying notes form an integral part of these financial statements.Statement of Cash FlowsReporting Year Ended 30 June 202483 25TH ANNUAL REPORT | 2023 - 2024