|
Notes to the Cash Flow Statement
| 1. RECONCILIATION OF OPERATING SURPLUS TO NET CASH INFLOW FROM OPERATING ACTIVITIES |
| |
| |
| 1998-99
£ |
| 1997-98
£ |
| |
| Operating surplus |
| 357,813 |
| 445,476 |
| Depreciation Charges |
| 56,658 |
| 57,281 |
| Decrease/(Increase) in Stocks |
| 21,843 |
| (12,581) |
| Decrease/(Increase) in Debtors (excluding accrued interest) |
| 36,930 |
| (105,986) |
| (Decrease) in Creditors |
| (53,646) |
| (2,127) |
| |
|
|
|
|
| Net Cash inflow from operating activities |
| 419,598 |
| 382,063 |
| |
|
|
|
|
| |
| 2. GROSS CASH FLOWS |
| |
| RETURNS ON INVESTMENTS AND SERVICING OF FINANCE |
| |
| Interest Received |
| 116,136 |
| 177,961 |
| Contribution to the HOC Administration Vote |
| (605,440) |
| — |
| Contribution to the HOC Works Vote |
| (500,000) |
| — |
| |
|
|
|
|
| |
| (989,304) |
| 177,961 |
| |
|
|
|
|
| |
| MANAGEMENT OF LIQUID RESOURCES |
| |
| Decrease in fixed term deposits with a maturity over three months |
| — |
| 500,000 |
| (Increase) in fixed term deposits with a maturity under three months |
| (229,000) |
| (1,192,599) |
| Sale of Treasury Stock |
| 1,072,697 |
| — |
| |
|
|
|
|
| |
| 843,697 |
| (692,599) |
| |
|
|
|
|
| 3. ANALYSIS OF CHANGES IN NET FUNDS |
| |
| |
| As at
3 April 1998
£ |
| Cashflows
£ |
| Gain on
Redemption of
Treasury Stock
£ |
| As at
1 April 1999
£ |
| |
| |
| |
| |
| |
| Cash at bank and in hand |
| 13,482 |
| 44,284 |
| — |
| 57,766 |
| Bank Overdraft |
| (162,284) |
| 162,284 |
| — |
| — |
| Current Asset Investments with a maturity of less than three months |
| 3,332,705 |
| (843,697) |
| 80,992 |
| 2,570,000 |
| |
|
|
|
|
|
|
|
|
| |
| 3,183,903 |
| (637,129) |
| 80,992 |
| 2,627,766 |
| |
|
|
|
|
|
|
|
|
At the Balance Sheet date, liquid resources comprise all current
asset investments held as fixed term deposits. Although early
disposal may result in loss of interest, it is considered that
assets could be converted readily to cash at or near the amounts
included in the Balance Sheet.
|
