Page 81 - Sundance Resources 2014 Annual Report

SUNDANCE RESOURCES LIMITED ANNUAL REPORT 2014 79
NOTE 9. CASH FLOW INFORMATION
2014
$
2013
$
Reconciliation of cash flow from operations with loss after income tax
Loss after tax (32,941,511) (31,641,559)
Non cash items in loss after tax
Cost of share based payments 2,049,548 2,352,417
Depreciation of plant and equipment 1,372,262 2,345,456
Loss on disposal of fixed asset - 48,205
Finance charge – convertible note 7,918,727 -
Other non-cash flows in the income statement - 220,397
Total foreign exchange impact on operating cash flows 254,890 3,677,962
Changes in assets and liabilities
(Decrease)/Increase in accruals and provisions (568,840) 4,793,774
(Decrease) in creditors (123,603) (430,769)
(Increase)/decrease in inventories - (565,617)
(Increase)/decrease in other debtors and prepayments 1,693,930 (259,393)
Net cash used in operating activities (20,344,597) (19,459,127)
Cash and cash equivalents at the end of the year is shown in the accounts as:
Cash and cash equivalents 14,377,685 19,629,458
Cash and cash equivalents at the end of the financial year 14,377,685 19,629,458
NOTES TO THE
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2014