The cash flow statement reconciles net profit to the movement in cash, capturing the heavy investing outflows of the build and the financing inflows that fund them. Operating cash flow turns strongly positive as production matures; the cash balance remains positive throughout, supported by the equity-first drawdown and the grace period on debt principal.
|
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|
|---|---|---|---|---|---|
|
Operating cash flow |
-100 |
-27 |
397 |
962 |
1,871 |
|
Investing (capex) |
-2,818 |
-2,823 |
-2,121 |
-1,087 |
-451 |
|
Financing |
6,040 |
1,600 |
610 |
-381 |
-1,223 |
|
Net change in cash |
3,123 |
-1,250 |
-1,114 |
-507 |
197 |
|
Closing cash |
3,123 |
1,873 |
758 |
251 |
448 |
NoteWhy the cash balance holds through the build
The plan draws equity first and phases debt to match capital deployment, holds a grace period on principal through Years 1–2, and defers dividends until the deleverage phase. Together these keep the cash balance positive across the entire ramp, the difference between a financeable structure and a funding gap.