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Note 17 continued

Comparative figures are prepared on the same basis.

Group

Parent

2017

$000s

2016

$000s

2017

$000s

2016

$000s

Movements in reserve is as follows:

Balance at 1 July

4,121

4,644

4,121

4,644

Transfer to Retained Earnings from Foreign Exchange Reserve

2,803

(523)

2,803

(523)

Balance at 30 June

6,924

4,121

6,924

4,121

Note 18

Reconciliation of surplus to net cash from operating activities

Group

Parent

2017

$000s

2016

$000s

2017

$000s

2016

$000s

Net surplus / (deficit)

1,027

(8,654)

1,373

(8,648)

Add / (less) non-cash items

Depreciation and amortisation

986

1,116

951

1,092

Provisions

-

-

-

-

Share of associate’s surplus

-

-

-

-

Net (gains) / losses on derivative financial instruments

(355)

8,403

(355)

8,403

Net foreign exchange (gains) / losses

420

401

420

401

Total non-cash items

1,051

9,920

1,016

9,896

Add / (less) items classified as investing or financing activities

Net Loss / (Gain) on disposal of assets

22

-

22

-

Movement in foreign currency accommodation bonds

20

(10)

20

(10)

Lease Incentive Liability

301

-

301

-

Total items classified as investing or financing activities

343

(10)

343

(10)

Add / (less) movements in working capital items

Debtors and other receivables

245

(521)

100

(468)

Prepayments

(692)

145

(692)

143

Payables and accruals

(74)

(1,101)

(110)

(1,126)

Invoiced in advance

(366)

86

(358)

(19)

Employee entitlements

(26)

26

(30)

24

Net movements in working capital items

(913)

(1,365)

(1,090)

(1,446)

Net cash from operating activities

1,508

(109)

1,642

(208)

64