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Radiocommunications
Agency
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Radiocommunications
Agency
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Cash Flow Statement
for the year ended 31 March 1996
1996 |
1995 |
|
£'000 |
£'000 |
|
| Operating activities Cash received from licensees and other customers |
44,320 |
40,498 |
| VAT recovered | 1,350 |
798 |
| Cash recovered from the DTI for uninsured losses | 716 |
0 |
| Cash payments to and on behalf of employees | (15,118) |
(14,701) |
| Cash payments to suppliers | (20,660) |
(15,261) |
| Net cash inflow from operating activities | 10,608 |
11,334 |
| Investing activities Purchase of fixed assets |
(5,915) |
(3,911) |
| Sale of fixed assets | 58 |
171 |
| Net cash outflow from investing activities | (5,857) |
(3,740) |
| Cash surplus surrendered and accounted for in DTI Appropriation Account (Class IV Vote 1) | 4,751 |
7,594 |
Notes to Cash Flow Statement
1. Reconciliation of Operating surplus to Net cash inflow from operating activities
1996 |
1995 |
|
£'000 |
£'000 |
|
| Operating surplus | 5,249 |
4,291 |
| Depreciation | 2,232 |
1,962 |
| Notional audit fee | 45 |
49 |
| Notional insurance | 97 |
57 |
| DTI overhead recharges | 2,389 |
2,416 |
| Increase in debtors | (9,016) |
(349) |
| Increase in creditors | 2,924 |
1,908 |
| Increase in provisions | 6,688 |
1,000 |
| Net cash inflow from operating activities | 10,608 |
11,334 |
DTI overhead recharges represents the cost of the services provided by DTI central
divisions and their agents which are not paid for in cash by the Agency. Notional charges
are explained in note 1(j).
2. No analysis is presented of changes in or balances of cash or cash equivalents. This is
because, as explained in Note 9 to the accounts, the Agency does not have its own bank
account and carries no balances in respect of cash at bank and in hand in its Balance
Sheet.
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