Statement of cash flows

Note

2015

2014

Operating activities

Rental receipts

165,729

158,730

Service charge receipts

2,501

2,442

Operating payments

(50,214)

(51,946)

Service charge payments

(2,783)

(3,032)

VAT received (paid)

(682)

(1,506)

Interest received

-

42

Cash flows from operating activities

114,551

104,730

Investment activities

Proceeds from sale of investment property

12

6,258

116,394

Payments of investment property

12

(237)

(652)

Payments of investment property under construction

13

(177,321)

(117,354)

Cash flows from investment activities

(171,300)

(1,612)

Finance activities

Proceeds from the issue of share capital

192,500

84,000

Dividends paid

(104,060)

(101,483)

Cash flows from finance activities

88,440

(17,483)

Net increase in cash and cash equivalents

31,691

85,635

Cash and cash equivalents at beginning of year

98,116

12,481

Cash and cash equivalents at end of year

15

129,807

98,116