CONSOLIDATED CASH FLOW STATEMENT FOR THE PERIOD ENDED 31 MARCH 2017
2016/17 2015/16 £000 £000
Cash inflow/(outflow) from operating activities Net cash provided by/(used in) operating activities 42,308 9,662 Cash flows from investing activities Investment income and interest received 1,356 1,453 Proceeds from disposal of fixed asset investments 10,293 1,005 Transfer of investments – 50 Acquisition of fixed asset investments (61,879) (2,212) Acquisition of tangible fixed assets by charity (14) – Acquisition by subsidiary companies of: Tangible fixed assets (11) (17) Asset under construction (2,066) (1,752) (52,321) (1,473) Increase/(decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period
(10,013) 11,639
8,189 3,450
Cash and cash equivalents at end of period
1,626
11,639
2016/17 2015/16 £000 £000
Reconciliation of net income to cash flow from operating activities Net income including endowments 12,965 4,630 Adjustments for: Depreciation charges 7 3 Net (gains)/losses on investments (3,017) 1,976 Transfer of investments – (50) Inclusion of works of art – (210) Investment income (1,356) (1,453) (Increase)/decrease in debtors (10,792) 4,379 Increase in creditors 44,501 387 Net cash provided by/(used in) operating activities The notes on pages 23 to 32 form part of these accounts.
22
ANNUAL REPORT & IMPACT STATEMENT 2016–17
42,308
9,662