2014 2013 Note $000 $000 $000 $000 Cash flow from operating activities Loss before tax (3,888) (2,956) Adjustments for: Depreciation 2 9 Share-based payment 245 427 Net finance costs 851 136 Realised foreign exchange gains 5 49 Cash flows from operating activities before changes in  working capital (2,785) (2,335) Decrease in other receivables 689 528 Decrease in trade and other payables (518) (2,087) Tax paid (185) – Net cash outflow from operating activities  (2,799) (3,894) Cash flows used in investing activities Interest received 59 71 Purchase of intangible assets (3,555) (28,939) Purchase of property, plant and equipment – (1) Net cash used in investing activities (3,496) (28,869) Cash flows from financing activities – – Net decrease in cash and cash equivalents (6,295) (32,763) Cash and cash equivalents at the beginning of the year 16 23,290 56,436 Exchange loss on cash and cash equivalents (916) (383) Cash and cash equivalents at the end of the year 16,079 23,290 FOR THE YEAR ENDED 31 DECEMBER 2014 26 Borders & Southern Petroleum plc Annual Report & Accounts 2014 CONSOLIDATED STATEMENT OF CASH FLOWS 