STATEMENT OF CASH FLOWS for the year ended 31 December 2017 Note 2017 US$ 2016 US$ 279,017 (90,459) CASH FLOWS FROM OPERATING ACTIVITIES Operating Cash Flows Surplus/ (Deficit) for the year Adjustments for: Depreciation of vehicles and equipment Profit on sale of equipment Cash flows before changes in working capital 8,277 9,303 (5,000) 287,294 (86,156) Working capital changes Increase in Accounts receivable (Decrease)/ Increase in accounts payable Net cash generated/ (utilised) from operating activities (1,092) (1,661) (22,443) 39,851 263,759 (47,966) CASH FLOWS FROM INVESTING ACTIVITES Purchase of equipment Proceeds from disposal of equipment Net cash flows from investing activities - (322) 5,000 4,678 INCREASE/ (DECREASE) IN CASH AND CASH EQUIVALENTS 263,759 (43,288) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR 139,750 183,038 403,509 139,750 CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 46 9 ZIMBABWE HUMAN RIGHTS NGO FORUM ANNUAL REPORT 2017