Page 66 - Annual Review 2015-2016

Notes to the Financial Statements

Year ended 30 April 2016

18. FINANCIAL COMMITMENTS
Total future minimum lease payments under non-cancellable operating leases are as follows:

2016 2015
Land and Land and
buildings Other buildings Other
£’000 £’000 £’000 £’000
Group and LLP
Leases which expire:
Within one year 10,834 1,015 9,763 -

In the second to fifth years inclusive 34,576 - 30,579 1,015
After five years 36,721 - 33,348 -

82,131 1,015 73,690 1,015

19. NET CASH INFLOW FROM OPERATING ACTIVITIES
Reconciliation of operating profit to cash generated by operations: 2016 2015
£’000 £’000
Operating profit 45,576 48,054
Depreciation 6,054 5,220
Amortisation of goodwill and other intangibles 266 250

Operating cash flow before movement in working capital 51,896 53,524
Decrease / (increase) in debtors 445 (1,180)
Decrease in creditors and liabilities 446 2,098

Cash generated by operation 52,787 54,442
Corporation tax paid (935) (1,099)

Net cash flow from operating activities 51,852 53,343

During the year the Group entered into finance lease arrangements with a value of £1,057,000 (2015: £nil).