STATEMENT OF CASH FLOWS
2018 2017
Note
£’000
£’000
Net Cash generated from operating activities
31
37,649
30,820
Cash flow from investing activities
Purchase of tangible fixed assets
(46,480)
(39,671)
Proceeds from sale of tangible fixed assets
4,472
4,109
Investments 3
10
Stock
761
1,110
Grants received
9,013
3,449
Interest received
21
23
(32,210)
(30,970)
Corporation tax paid
(35)
(69)
Cash flow from financing activities
Interest paid
(17,429)
(17,929)
New secured loans
29,000
27,500
Repayments of borrowings
(12,737)
(12,910)
(1,166)
(3,339)
Net change in cash and cash equivalents
4,238
(3,558)
Cash & cash equivalents at beginning of the year
6,881
10,439
Cash & cash equivalents at end of the year
11,119
6,881
Represented by
Cash & cash equivalents at end of the year
12,321
8,249
Bank overdraft
(1,202) (1,368)
11,119
6,881
Financial Statements 2018
41