Archived decisions

20

Reconciliation of Income and Expenditure Account deficit to

net cash inflow from revenue activities

2006/07

2007/08

£'000

£'000

Net surplus (-) deficit (+) on the Income and

Expenditure Account

17,032

37,682

Net cash outflow from servicing of finance activities

-11,659

-4,838

Increase in stocks

118

468

Variation in deposits

331

-516

Variation in debtors

9,275

-6,195

Variation in long-term debtors

3

-321

Decrease in payments in advance

-2,134

-490

Increase in creditors

-8,463

-5,556

Increase in receipts in advance

-840

-25,640

Variation in provisions

1,530

-32

Variation in other balances

-174

-

Variation in interest accruals on borrowing

-

-3,778

-354

-42,060

Non-cash transactions

Transfers to reserves

-16,661

-44,491

Variation in doubtful debts provision

356

-627

Interest on developer contributions

-1,454

-1,781

Provision for loan and lease repayments

-22,322

-23,539

Financial Instruments Adjustment Account

-

109

Contribution to capital outlay

-21,697

-16,845

-61,778

-87,174

Net additional amount required by statutory and non-

statutory proper practices to be credited to the general

Fund Balance

-29,607

-44,240

Net cash inflow from revenue activities

-86,366

-140,630

21

Analysis of capital grants

(Revenue grants are analysed in the Income and Expenditure Account)

2006/07

2007/08

£'000

£'000

Capital grants

Department for Children, Schools and Families

40,177

31,090

Department of Health

317

1,302

Department for Transport

6,786

16,305

Department for Communities and Local Government

2,910

950

Other Bodies

168

86

50,358

49,733

66

22

Movement in net debt

at 1 April

at 31 March

Movement

2007

2008

in the year

£'000

£'000

£'000

Cash

Cash in hand

5,968

6,072

104

Cash overdrawn

-11,115

-17,382

-6,267

Short-term investments

71,690

162,794

91,104

Cash inflow

66,543

151,484

84,941

Financing

Borrowing repayable within one year

-85,333

-65,793

19,540

Long term borrowing

-297,000

-321,140

-24,140

Total borrowing

-382,333

-386,933

-4,600

Net debt

-315,790

-235,449

80,341

23

Reconciliation of movement in net debt to cash flow statement

2006/07

2007/08

£'000

£'000

Cash inflow/(-) outflow

-18,703

84,941

Repayment of amount borrowed

8,000

26,000

New loans

-18,000

-50,140

Net reduction in temporary borrowing

14,997

19,540

-13,706

80,341

67