Financial Statements Consolidated statement of cash flows for the year ended 31 March 2021
2021 £000
2020 £000
Notes
Operating activities Operating profit
41,795 (12,964)
30,670 (2,295)
Adjustments for non-cash items
21
5
Interest received Interest paid Tax received
9
(7,515)
(7,952)
56
123
(1,983) (825)
Increase in accounts receivable Decrease in accounts payable and accruals
(4,078) (2,936)
Cash inflows fromoperating activities
18,569
13,541
Investing activities Capital expenditure on investment properties Disposal of investment properties
(4,961) 3,928 (268)
13
(8,861) 33,859
Purchase of tangible assets
(4)
Cash (outflows)/inflows from investing activities
(1,301)
24,994
Financing activities Borrowings repaid Borrowings drawn Financing costs Issue of ordinary shares
(1,258) (33,204)
18 18 18 20
–
6,000
(574)
–
– –
7,137
Issue costs of ordinary shares Purchase of shares held in trust
(186) (844)
(643)
7
(15,002) (19,039)
Dividends paid
10
Cash outflows fromfinancing activities
(17,477) (40,136)
Net decrease in cash and cash equivalents Cash and cash equivalents at beginning of year
(209)
(1,601) 25,168
23,567
Cash and cash equivalents at end of year
23,358
16
23,567
Notes 1 to 27 form part of these consolidated financial statements.
109
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