Nyrada Inc - Annual Report 2022

ANNUAL REPORT FY22 41 Consolidated Statement of Cash Flows For the year ended 30 June 2022 2022 2021 Notes $ $ Cash flows fromoperating activities Payments to suppliers and employees (inclusive of GST) (4,292,579) (4,878,622) R & D tax incentive received 1,309,650 2,051,785 Interest received 13,830 3,989 Cash receipts from other government grants 5 45,411 50,000 Net cash used in operating activities (2,923,688) (2,772,848) Cash flows from investing activities Payments for plant and equipment (4,756) (5,000) Net cash used in investing activities (4,756) (5,000) Cash flows from financing activities Repayment of related party loans - (342,322) Proceeds from issue of Common Stock - 11,870,579 Proceeds from other financing activities (44,521) 44,521 Transaction costs relating to issue of Common Stock (224,440) (234,286) Net cash from/(used in) financing activities (268,961) 11,338,492 Net increase/(decrease) in cash and cash equivalents (3,197,405) 8,560,644 Cash and cash equivalents at the beginning of the financial year 13,750,743 5,146,169 Effects of exchange rate changes on cash and cash equivalents 262,701 43,930 Cash and cash equivalents at the end of the financial year 10,816,039 13,750,743 The above consolidated statement of cash flows should be read in conjunction with the accompanying notes.

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