A-3
Trinidad and Tobago Unit Trust Corporation
Unit Trust Corporation
Annual Report 2012
GROWTH AND INCOME FUND
(FIRST UNIT SCHEME)
STATEMENT OF
CASH FLOWS
For the year ended 31 December, 2012
Expressed in Trinidad and Tobago Dollars
31-Dec-12
31-Dec-11
$ '000
$ '000
OPERATING ACTIVITIES
Net Investment Income
137,998
109 657
Adjustments to reconcile Net Investment Income to Net Cash
Flow From Operating Activities:
Impairment
21,811
-
Taxation Paid
(4,162)
(3,741)
155,647
105,916
Movements in Working Capital
(Increase)/Decrease in Receivables
(15,640)
142,413
Increase in Payables
47,116
75,132
Net Cash Flow From Operating Activities
187,123
323,461
INVESTING ACTIVITIES
Purchase of Investment Securities
(382,684)
(883,930)
Disposal of Investment Securities
230,797
676,954
Net Cash Used In Investing Activities
(151,887)
(206,976)
FINANCING ACTIVITIES
Subscriptions
278,638
151,644
Redemptions
(78,355)
(75,212)
Distributions
(73,758)
(88,896)
Allocation to Guarantee Reserve
(500)
(11,000)
Payment to Guarantee Reserve
(500)
-
Allocation to Secondary Reserve
(53,000)
-
Net Cash Flow From/(Used In) Financing Activities
72,525
(23,464)
NET INCREASE IN CASH AND CASH EQUIVALENTS
107,761
93,021
Cash and Cash Equivalents at beginning of year
420,768
327,747
Cash and Cash Equivalents at end of year
528,529
420,768
