Page 84 - Sundance Resources Ltd Annual Report 2013

82 SUNDANCE RESOURCES LIMITED ANNUAL REPORT 2013
CONSOLIDATED STATEMENT
OF cash flows
FOR THE YEAR ENDED 30 JUNE 2013
Notes
30 June 2013
$
30 June 2012
$
CASH FLOWS FROM OPERATING ACTIVITIES
Payments to suppliers & employees (21,099,592) (19,735,952)
Interest received 1,673,938 2,821,958
Interest paid (33,473) -
Net Cash Used in Operating Activities 24 (19,459,127) (16,913,994)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property, plant & equipment (531,875) (1,155,899)
Exploration and development expenditure (25,528,678) (40,946,507)
Net Cash Used in Investing Activities (26,060,553) (42,102,406)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from equity issues 1,161,790 49,350,064
Share issue expenses (113,051) (1,535,426)
Proceeds from borrowings 5,000,000 -
Net Cash Generated by Financing Activities 6,048,739 47,814,638
Net Decrease in Cash Held (39,470,941) (11,201,762)
Cash and cash equivalents at beginning of year 59,070,799 70,332,853
Effect of exchange rates on cash and cash equivalents 29,600 (60,292)
Cash and Cash Equivalents at End of Year 11 19,629,458 59,070,799