Financial Statements 2016 | Page 75

Consolidated statement of cashflows Notes 2016 2015 £000 £000 Net Cash generated from operating activities 31 25,540 28,201 Purchase of tangible fixed assets (21,434) (36,210) Proceeds from sale of tangible fixed assets 2,003 1,820 Cash flow from investing activities Investments 285 6 Stock 3,346 - Grants received 6,824 5,607 Interest received 35 28 Acquisition of Domus Healthcare - (722) Net cash acquired with Heantun Housing Association Limited - 915 (8,941) (28,556) Corporation tax paid (21) (9) Interest paid (17,368) (15,977) New secured loans 13,500 22,750 Repayments of borrowings (9,774) (5,068) Cash flow from financing activities (13,642) 1,705 Net change in cash and cash equivalents 2,936 1,341 Cash & cash equivalents at beginning of the year 7,503 6,162 10,439 7,503 Cash & cash equivalents at end of the year Financial Statements 732016 73