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Financial Reviews

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 1997

 Note
1997
USD
1996
USD
Excess of income over expenditure 129,450(63,039)
Depreciation 43,00544,495
Loss on sale of fixed assets -348
(Decrease)/increase in receivables/deferred expenses (78,816)191,650
Increase/(decrease) in payables 120,843(18,598)

Net cash flows from operating activities
 214,482154,856

Net cash flows from investing activities
   
Purchase of fixed assets (11,534)(24,596)

Increase in cash
 202,948130,260

Cash at the beginning of the year
 424,034293,774

Cash at the end of the year
3626,982424,034


The accompanying notes are an integral part of these financial statements.

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