Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 115

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 115
---
 financed our operations
primarily through our cash flow generated from our operations. The following table sets forth a summary of our cash flows information
for the years indicated:

                                                            Years ended September 30,                                                                     
                                                            2022                                           2023                      2024                 
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net cash provided by operating activities                 $                                 783,045      $          2,021,831      $           326,089  
  Net cash used in investing activities                                                        (9,247                    (7,455                 (592,585  
  Net cash (used in) provided by financing activities                                      (1,244,502                (2,017,979                2,008,826  
  NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS                                       (470,704                    (3,603                1,742,330  
  CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR                                            1,028,439                   557,735                  554,132  
  CASH AND CASH EQUIVALENTS AT END OF YEAR                  $                                 557,735      $            554,132      $         2,296,462  

Operating Activities

Our cash inflow from
operating activities was principally from the receipt of revenue. Our cash outflow used in operating activities was principally for payment
of supplier costs and operating expenses.

  68  

  Table of Contents  

Net cash provided
by operating activities was $326,089 for the year ended September 30, 2024, compared to net cash provided by operating activities of
$2,021,831 for the year ended September 30, 2023, representing a decrease of approximately $1.7 million in the net cash inflow in operating
activities. The decrease in net cash used in operating activities was primarily due to the following major working capital changes:

  (1)      Change in accounts receivable resulted in a cash outflow of $259,743                                                                     
           for the year ended September 30, 2024 compared to a cash outflow of $350,767 for the same period of 2023, which led to an approximately  
           $91,000 decrease in net cash outflow in operating activities.                                                                            
  (2)      Change in deposits and prepayment resulted in a cash outflow