Statements of Cash Flows for year ended 31 March 2012


NoteGroupCompany
2012
£000
2011
£000
2012
£000
2011
£000
Cash flows from operating activities




Profit/(loss) for the year
3,162 1,643 (799) 6,932
Adjustments for:




Depreciation, amortisation and impairment
1,043 1,346 56 57
Financial income
(42) (27) (2) (1)
Financial expense
669 581 90 156
Loss on sale of property, plant and equipment and investments
(14) (7)
Dividends received
(874) (1,972)
Investment impairment reversal
(6,200)
Equity settled share-based payment charge
227 189 156 155
Taxation
1,597 879 (33) (335)
Operating cash inflow/(outflow) before changes in working capital and provisions
6,642 4,604 (1,406) (1,208)
Change in trade and other receivables
600 (4,068) (135) 573
Change in stocks
(1,663) (4,683)
Change in trade and other payables
331 4,165 206 2,019
Change in provisions
(1,492) (1,069)
Cash generated from/(used in) operations
4,418 (1,051) (1,335) 1,384
Tax paid
(678) (630) (87)
Net cash from/(used in) operating activities
3,740 (1,681) (1,422) 1,384
Cash flows from investing activities




Proceeds from sale of property, plant
and equipment

272 7
Interest received
42 27 2 1
Acquisition of subsidiary, net of cash acquired 3 (10,455)
Increase in subsidiary investment 15 (5,477)
Acquisition of property, plant and equipment 11, 12 (653) (298)
Dividends received
874 1,972
Net cash (used in)/from investing activities
(10,794) (264) (4,601) 1,973
Cash flows from financing activities




Proceeds from the issue of share capital
7,177 7,177
Proceeds from new loan 21, 27 7,483 4,724
Repayment of long-term borrowings 21, 27 (2,276) (2,544) (1,334) (2,544)
Payment of finance lease liabilities 21, 27 (52)
Interest paid
(669) (581) (90) (156)
Net cash from/(used in) financing activities
11,663 1,599 5,753 (2,700)
Net change in cash and cash equivalents
4,609 (346) (270) 657
Cash and cash equivalents at 1 April 20 7,140 7,420 (3,691) (4,348)
Effect of exchange rate fluctuations on cash held
49 66
Cash and cash equivalents at 31 March 20 11,798 7,140 (3,961) (3,691)

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