A-9
Trinidad and Tobago Unit Trust Corporation
Unit Trust Corporation
Annual Report 2012
UNIVERSAL RETIREMENT FUND
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
6,105
4,610
Adjustments to reconcile Net Investment Income to Net Cash
Flow From Operating Activities:
Impairment
1,900
-
Taxation Paid
(222)
(135)
7,783
4,475
Movements in Working Capital
Decrease in Receivables
585
587
Increase/(Decrease) in Payables
1,919
(70)
Net Cash Flow From Operating Activities
10,287
4,992
INVESTING ACTIVITIES
Purchase of Investment Securities
(55,784)
(41,998)
Disposal of Investment Securities
43,824
41,221
Net Cash Used In Investing Activities
(11,960)
(777)
FINANCING ACTIVITIES
Subscriptions
20,448
20,136
Redemptions
(12,518)
(12,740)
Net Cash Flow From Financing Activities
7,930
7,396
NET INCREASE IN CASH AND CASH EQUIVALENTS
6,257
11,611
Cash and Cash Equivalents at beginning of year
14,187
2,576
Cash and Cash Equivalents at end of year
20,444
14,187
