A5
Consolidated Statement of
CASH FLOWS
For the year ended 31 December, 2012
Expressed in Trinidad and Tobago dollars
31-Dec-12
$‘000
31-Dec-11
$ ‘000
OPERATING ACTIVITIES
Net Income before taxation
105,521
101,460
Adjustment to reconcile net income to net cash and cash equivalents from
operating activity:
Depreciation and Amortisation
20,571
20,535
Impairment loss non-financial assets
5,085
-
Impairment financial assets
160
-
Loss on sale of Property, Plant and Equipment
362
57
131,699
122,052
Movements in Working Capital
(Increase)/Decrease in Receivables
(92,790)
716,371
(Increase)/Decrease in Prepayments and Other Assets
(4,560)
1,312
Increase in Accounts Payable and Liabilities
125,017
43,378
Taxation paid
(7,287)
(5,802)
Loss on Discontinued Operations
-
(24,825)
Increase in Sinking Fund Liability
5,782
7,805
Decrease in pension liability prepayment
(2,531)
-
Net Cash Flow From Operating Activities
155,330
860,291
INVESTING ACTIVITIES
Purchase of Property, Plant and Equipment
(3,547)
(13,194)
Proceeds from Disposal of Property, Plant and Equipment
171
516
Purchase of Intangible Assets
(679)
(1,340)
Purchase of Investment Securities
(152,093)
(838,371)
Proceeds from Disposal of Investments
1,134,220
136,192
Net Cash Flow From/(Used in) Investing Activities
978,072
(716,197)
FINANCING ACTIVITIES
Financial Instruments
(882,049)
(94,887)
Reserve Receipts
77,631
25,642
Guarantee Reserve Payments
(21,435)
(27,371)
Net Cash Used in Financing Activities
(825,853)
(96,616)
NET INCREASE IN CASH AND CASH EQUIVALENTS
307,549
47,478
Cash and Cash Equivalents at beginning of year
308,035
260,557
Cash and Cash Equivalents at end of year
615,584
308,035
Trinidad and Tobago Unit Trust Corporation
Unit Trust Corporation
Annual Report 2012
The accompanying notes form an integral part of these consolidated financial statements.
