Page 106 - Annual Report 2019

103 ANNUAL REPORT 2019 QFC REGULATORY AUTHORITY FINANCIAL STATEMENTS

Statement of Cash Flows
For the year ended 31 December 2019

OPERATING ACTIVITIES Notes 2019 | USD ‘000 2018 | USD ‘000
Interest received 877 664
End of service benefit paid 10 (272) (35)
Finance cost paid (12) (11)
Net cash flows used in operating activities (37,265) (34,417)

INVESTING ACTIVITIES
Acquisition of furniture and equipment 4 (14) (75)
Acquisition of intangible assets 5 (53) (90)

Net cash flows used in investing activities (67) (165)

FINANCING ACTIVITIES
Appropriations received from the government 2 37,651 35,842
Repayment of finance lease 6 (131) (101)

Net cash flows from financing activities 37,520 35,741

188 1,159
NET INCREASE IN CASH AND CASH EQUIVALENTS
Cash and cash equivalents at the beginning of the year 29,738 28,579

CASH AND CASH EQUIVALENTS AT 31 DECEMBER 8 29,926 29,738

*The attached notes 1 to 19 form part of these financial statements.