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GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2022 47GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESCONSOLIDATED STATEMENT OF CASH FLOWSFOR THE YEAR ENDED 31 DECEMBER 2022(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)The accompanying notes form an integral part of these consolidated financial statements.2022 2021Notes $ $Cash flows from operating activitiesProfit before taxation 3,883 6,539Adjustments to reconcile income before taxation to net cash generated from operating activities:Depreciation of property, plant and equipment 4 & 5 9,889 10,252Depreciation of right-to-use-assets 7 3,523 2,911Amortisation 6 991 1,007Net change in employee benefits asset/obligation (3,351) (2,213)Unrealised gain on revaluation of investment securities (70) (333)Loss/(gain) on disposal of property, plant and equipment 350 (225)Interest and investment income (773) (698)Finance cost 17 733 706Foreign exchange loss 33 60Other movements (37) 39Operating income before working capital changes 15,177 18,045Decrease/(increase) in inventories 924 (5,999)(Increase)/decrease in trade and other receivables (10,215) 2,482(Decrease)/increase in trade and other payables (5,064) 5,963Cash generated from operations 822 20,491Interest received 92 661Interest paid (733) (706)Taxation paid (3,777) (2,048)Net cash (used in)/generated from operating activities (3,596) 18,398