Page 45

Notes to the financial statements 20

for the year ended 31 March 2012

Reconciliation of operating profit to net cash inflow from operating activities

Operating (loss) / profit Share of loss in associated undertakings

2012

2011

£'000

£'000

(29,561)

62,099

(3)

Depreciation and impairment on tangible fixed assets (net of profit on disposals)

6,422

2,328

Goodwill amortisation and impairment

30,267

245

Decrease in land held for development

4,855

5,208

(8,414)

(16,784)

4,217

(21,394)

13,897

11,700

3,035

1,860

Increase in stocks Decrease / (increase) in debtors Increase in creditors Increase in provision for long-term performance plan Difference between pension charge and cash contributions Net cash inflow from operating activities

21

69

82

24,784

45,344

Reconciliation of net cash flow to movement of net funds

Decrease in cash in year Increase in loans Changes in net debt resulting from cash flows

2012

2011

£'000

£'000

(21,181)

(4,153)

(8,823)

-

(30,004)

-

(158,689)

-

Other non cash items: Acquisition of subsidiary Issue of share capital and capital contribution

158,689

Movement in net debt during the year

(30,004)

(4,153)

Net funds at 1 April

98,431

102,584

Net funds at 31 March

68,427

98,431

Analysis of changes in debt Other non

At 31 March

At 1 April 2011

Cash flow

cash changes

2012

£'000

£'000

£'000

£'000

Cash at bank and in hand

98,431

(21,181)

-

77,250

Debt due within one year

-

(8,823)

-

(8,823)

98,431

(30,004)

-

68,427

Total

Keepmoat Annual Report and Financial Statements 2012

43

Keepmoat plc Annual report and accounts 2012  
Keepmoat plc Annual report and accounts 2012  
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