Page 75 - Demo

ANNUAL REPORT 2024 73GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESCONSOLIDATED STATEMENT OF CASH FLOWSFOR THE YEAR ENDED 31 DECEMBER 2024(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)2024 2023Notes $ $Cash flows from operating activitiesLoss before taxation (2,888) (10,602)Adjustments to reconcile income before taxation tonet cash generated from operating activities:Depreciation of property, plant and equipment 4 & 5 9,855 9,445Depreciation of right-of-use-assets 7 3,767 3,849Amortisation 6 569 808Net change in employee benefits asset/obligation (4,882) (3,490)Unrealised loss/(gain) on revaluation of investment securities 560 (110)Gain on disposal of property, plant and equipment (166) (140)Interest and investment income (2,149) (1,404)Finance cost 17 574 726Foreign exchange (gain)/loss (97) 28Other movements 157 (76)Operating income/(loss) before working capital changes 5,300 (966)Decrease in inventories 2,018 2,271Decrease in trade and other receivables 954 13,918Decrease in trade and other payables (2,600) (1,406)Cash generated from operations 5,672 13,817Interest received 2,149 1,404Interest paid (574) (726)Taxation paid (1,048) (1,293)Net cash generated from operating activities 6,199 13,202The accompanying notes form an integral part of these consolidated financial statements.