Page 58 - DWF Annual Report 2017

Group Cash Flow Statement

Year ended 30 April 2017

2017 2016
Note £’000 £’000
Net cash inflow from operating activities 18 39,645 51,852

Cash flows from investing activities
Purchase of tangible fixed assets (3,501) (2,790)
Purchase of intangible assets (279) (234)

Acquisition of investment (2,817) (480)
Net cash acquired with subsidiary 211 115
Net cash flows from investing activities (6,386) (3,389)

Cash flows from financing activities
Repayment of borrowings (134) (21,216)
Repayment of obligations under finance lease (395) (455)
New bank loans raised - 39,709

Payments to or on behalf of the Members (39,023) (45,083)
Capital contributions by Members 3,537 2,560
Repayments to former Members (2,874) (4,836)
Interest paid (1,240) (1,137)
Net cash flows from financing activities (40,129) (30,458)
Net (decrease)/increase in cash and cash equivalents (6,870) 18,005

Cash and cash equivalents at beginning of year 9,976 (7,870)
Effect of foreign exchange rate changes 221 (159)
Cash and cash equivalents at end of year 3,327 9,976

Reconciliation to cash at bank and in hand
Cash at bank 3,327 9,976
Cash equivalents - -
Cash and cash equivalents 3,327 9,976