Annual Report 2016 | Page 59

Annual Report 2016 Consolidated Cash Flow Statement For the year ended 31 March 2016 2016 Note £’000 £’000 Net cash inflow from operating activities 2015 (as restated) £’000 £’000 (a) 66,018 74,080 Corporation tax paid (48) (3,321) Cash flows from investing activities: Purchase of tangible fixed assets (35,869) (30,892) Proceeds from sale of tangible fixed assets 1,190 359 Capital contributions received 5,413 5,125 Interest received 6,108 6,179 Cash consideration for subsidiaries acquired (including costs) (4,120) (6,375) Cash balances of subsidiaries acquired (net) 226 475 Proceeds from exceptional disposal of rental income rights 4,590 — Net cash outflow from investing activities Cash flows from financing activities: Interest paid Equity dividends paid Repayment of bank term loans Additions to bank term loans Bank term loan issue costs paid Repayment of irredeemable debenture stock Capital element of finance lease and hire-purchase rental payments (22,462) (25,129) (12,465) (12,209) (33,205) (27,138) (26,500) — 30,000 — (145) — — (27) (233) (643) Net cash outflow from financing activities (42,548) (40,017) Increase in cash and cash equivalents (net of short-term bank loans) 960 5,613 57