Simavita Annual Report 2019

Annual Report 2019 23 Consolidated Notes June 30, 2019 $ June 30, 2018 $ Cash flows from/(used in) operating activities Loss for the year (3,934,216) (4,942,295) Non-cash items Depreciation and amortization 18,637 50,670 Share-based payments expenses 56,700 84,510 Unrealised foreign exchange movements 3,972 (10,497) Accrued interest on borrowings and convertible notes 211,721 172,619 Changes in working capital (Increase)/decrease in receivables 97,000 544,495 (Increase)/decrease in inventories 207,008 283,620 (Increase)/decrease in prepayments 27,575 (61,210) Increase/(decrease) in payables (177,401) (160,594) Increase/(decrease) in provisions (17,523) (41,321) Net cash flows from/(used in) operating activities (3,506,527) (4,080,003) Cash flows from/(used in) investing activities Purchases of plant and equipment (154,181) (177) Purchases of intangible assets – (224) Proceeds from the sale of plant and equipment – – Net cash flows from/(used in) investing activities (154,181) (401) Cash flows from/(used in) financing activities Proceeds from the issue of shares by the Company 2,155,000 – Proceeds from the borrowings 253,754 1,305,461 Proceeds from the issue of convertible notes 1,390,000 2,750,000 Repayment of the borrowings (708,871) (695,039) Equity transaction costs (110,183) – Net cash flows from/(used in) financing activities 2,979,700 3,360,422 Net increase/(decrease) in cash and cash equivalents held (681,008) (719,982) Cash and cash equivalents at the beginning of year 1,361,484 2,072,353 Net foreign exchange differences on cash and cash equivalents 8,986 9,113 Cash and cash equivalents at the end of year 10 689,462 1,361,484 The accompanying notes form an integral part of these consolidated financial statements Consolidated Statement of Cash Flows for the year ended June 30, 2019

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