Page 51 - Annual Review 2015-2016

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Group Cash Flow Statement FINANCIAL REVIEW

Year ended 30 April 2016

2016 2015
Note £’000 £’000
Net cash inflow from operating activities 19 51,852 53,343

Cash flows from investing activities
Purchase of tangible assets (2,790) (10,109)
Purchase of intangible assets (234) (172)
Acquisition of investments (480) -

Net cash acquired with investments 115 -
Net cash flows from investing activities (3,389) (10,281)

Cash flows from financing activities
Repayment of borrowings (21,216) (13,298)
Repayment of obligations under finance lease (455) (63)
New bank loans raised 39,709 15,280

Payments to or on behalf of the Members (45,083) (51,418)
Capital contributions by Members 2,560 6,464
Repayments of capital (4,836) (3,705)
Interest paid (1,137) (1,012)
Net cash flows from financing activities (30,458) (47,752)

Net increase/(decrease) in cash and cash equivalents 18,005 (4,690)

Cash and cash equivalents at beginning of year (7,870) (3,180)
Effect of foreign exchange rate changes (159) -

Cash and cash equivalents at end of year 9,976 (7,870)

Reconciliation to cash at bank and in hand
Cash at bank 9,976 2,905
Cash equivalents - (10,775)

Cash and cash equivalents 9,976 (7,870)