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Annual Report and Accounts 1999-2000Accounts and Financial Information |
for the year ended 31 March 2000
| 2000 | 1999 | ||
| £'000 | £'000 | ||
| OPERATING ACTIVITIES | |||
| Net cash inflow from operating activities | 29,224 | 20,988 | |
| INVESTING ACTIVITIES | |||
| Purchase of fixed assets | (8,057) | (9,619) | |
| Purchase of shares | 0 | (1) | |
| Sale of fixed assets | 732 | 567 | |
| Investment income | 241 | 0 | |
| Net cash outflow from investing activities | (7,084) | (9,053) | |
| Net cash inflow before financing | 22,140 | 11,935 | |
| FINANCING | |||
| Cash surplus surrendered and accounted for in DTI | |||
| Appropriation Account (Class IX Vote 1) | (20,438) | (11,935) | |
| Change in cash and cash equivalents | 1,702 | 0 | |
| Notes to cash flow statement | |||
| 1. Reconciliation of operating surplus to net cash inflow from operating activities | |||
| Operating surplus | 29,286 | 15,333 | |
| Depreciation | 3,477 | 3,886 | |
| Diminution in value of fixed assets | 1 184 | ||
| Auditors' remuneration | 25 | 25 | |
| DTI overheads apportioned | 639 | 1,788 | |
| (Increase)/decrease in debtors | (1,642) | 1,256 | |
| (Increase) in auction deposits | (1,308,550) | 0 | |
| Increase in creditors | 1,306,222 | 1,241 | |
| (Decrease) in provisions | (234) | (2,725) | |
| Net cash inflow from operating activities | 29,224 | 20,988 | |
| DTI overhead apportionment represents the cost of the services provided by DTI Central Directorates and their agents that are not paid for in cash by the Agency. | |||
| 2. Analysis of balance of cash as shown in the balance sheet | |||
| 1 Apr 99 | Cashflow | 31 Mar 00 | |
| Balance at Paymaster General | £'000 | £'000 | £'000 |
| 0 | 1,702 | 1,702 | |
The notes on pages 59 to 67 form part of these accounts
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