Cash Flow Statement

2003/04

2004/05

Revenue Activities

£'000

£'000

Cash outflows

Cash paid to and on behalf of employees

738,351

775,091

Other operating costs

536,860

541,614

1,275,211

1,316,705

Cash inflows

Rents

-3,769

-4,346

Precepts

-401,219

-402,458

National business rates

-332,574

-313,904

Revenue Support Grant

-295,397

-332,926

Collection fund surpluses

-2,915

-2,987

Charges for goods and services

-72,855

-77,186

Specific Government grants

-155,841

-172,468

Other income

-93,184

-80,591

-1,357,754

-1,386,866

Net cash inflow from revenue activities (see note 1)

-82,543

-70,161

Returns on investments and servicing of finance

Cash outflows - Interest paid

14,051

14,652

Cash inflows - Interest received

-3,025

-3,009

Net cash outflow from servicing of finance activities

11,026

11,643

Capital Activities

Cash outflows

Fixed assets

139,463

181,796

Deferred charges

13,522

17,077

152,985

198,873

Cash inflows

Sale of fixed assets

-16,508

-18,817

Capital grants (see note 2)

-34,550

-41,972

Other income

-23,112

-55,087

-74,170

-115,876

Net cash outflow from capital activities

78,815

82,997

Net cash outflow before financing (see notes 3 and 4)

7,298

24,479

Financing

Borrowing repayable over periods of one year or more:

Repayments

4,000

8,000

New loans

-34,000

-39,000

Borrowing repayable within one year:

Repayments

427,132

412,361

New loans

-439,603

-438,415

Net cash inflow

-35,173

-32,575

60

Notes to cash flow statement

1

Reconciliation of Consolidated Revenue Account surplus to

net cash inflow from revenue activities

2003/04

2004/05

£'000

£'000

Net surplus (-) deficit (+) on the Consolidated

Revenue Account

-5,483

-5,022

Net cash outflow from servicing of finance activities

-11,026

-11,643

Increase in stocks

356

495

Decrease in deposits

808

7

Variation in debtors

-479

6,472

Variation in long-term debtors

-849

-813

Increase in payments in advance

3,066

1,606

Increase in creditors

-9,188

-11,160

Decrease in receipts in advance

852

156

Decrease in provisions

72

3,279

Variation in other balances

-519

-62

-5,881

-20

Non-cash transactions

Transfers from reserves

-4,780

-9,205

Variation in doubtful debts provision

22

-447

Interest on developer contributions

-871

-1,122

Provision for loan and lease repayments

-16,637

-18,457

Contribution to capital outlay

-37,887

-24,245

-60,153

-53,476

Net cash inflow from revenue activities

-82,543

-70,161

2

Analysis of capital grants

(Revenue grants are analysed in the Consolidated Revenue Account)

2003/04

2004/05

£'000

£'000

Capital grants

Department for Education and Skills

32,065

35,923

Department for Constitutional Affairs

255

319

Department of Health

1,280

696

Department of Transport

52

3,867

Office of the Deputy Prime Minister

898

1,004

Other Bodies

-

163

34,550

41,972

61

3

Movement in net debt

at 1 April

at 31 March

Movement

2004

2005

in the year

£'000

£'000

£'000

Cash

Cash in hand

9,419

6,703

-2,716

Cash overdrawn

-12,229

-19,753

-7,524

Investments

65,395

108,210

42,815

Cash inflow

62,585

95,160

32,575

Financing

Borrowing repayable within one year

-95,488

-117,542

-22,054

Long term borrowing

-208,000

-243,000

-35,000

Total borrowing

-303,488

-360,542

-57,054

Net debt

-240,903

-265,382

-24,479

4

Reconciliation of movement in net debt to cash flow statement

2003/04

2004/05

£'000

£'000

Cash inflow

35,173

32,575

Repayment of amount borrowed

4,000

8,000

New loans

-34,000

-39,000

Net increase in temporary borrowing

-12,471

-26,054

-7,298

-24,479

62

3.00

Reconciliation of movement within cash to the movement in net debt.

at 31.3.98

at 31.3.99

£'000

£'000

Increase /(decrease) in cash in the period

32,575

Cash inflow from new debt

#REF!

Cash outflow from debt repaid

#REF!

capital deposits

Cash (inflow)/outflow from (decrease)/

=ROUND(-aw!#REF!/1000,0)

increase in liquid resources

Change in net debt resulting from cash flows

#REF!

Non - cash changes in debt

0

Net debt at 1 April 1998

#REF!

-

#REF!

Net debt at 31 March 1999

#REF!

=

4.00

Reconciliation of items shown within the financing and management of

liquid resources sections of the cash flow statement to the related items

in the opening and closing balance sheets for the period.

Balance Sheet

Cash

Movements

Flow

£'000

£'000

Short term borrowing as at 31 March 98

#REF!

Short term borrowing as at 31 March 99

#REF!

Net variation in Short term borrowing

#REF!

Repayments of amounts borrowed

420,361

Borrowing repayable within one year

(438,415)

(18,054)

Long term borrowing as at 31 March 98

#REF!

Long term borrowing as at 31 March 99

#REF!

Net variation in Long term borrowing

#REF!

New Loans Raised Per cash flow

+E60

Totals

#REF!

(18,054)

- 21 -

5.00

Reconciliation of cash to balance sheet

at 31.3.99

at 31.3.00

Movements

£'000

£'000

£'000

Cash in hand

#REF!

#REF!

#REF!

Investmnets temp

#REF!

Cash overdrawn

#REF!

#REF!

#REF!

-

Cash inflow

#REF!

=

Instructions for revenue account

-60

60

First enter figures from ANL A000 on to C:a1 ect.

These will be rounded onto B:a1 ect

Then round on a:a1