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