Page 32 - Broadland Housing Financial Report 78pp A4

Consolidated Statement of

Cash Flows for the year ended

31 March 2020

2020 2019
£’000 £’000

Cash flow from operating activities
Surplus for the year 2,232 1,971
Adjustments for non-cash items:
Amortisation of grants (931) (925)
Depreciation & i mpairment of housing properties 4,576 4,641
Fair Value movements 52 (3)
Depreciation of other fixed assets 529 644
Movement in trade and other debtors 4,178 (1,001)
Movement in trade and other creditors (3,878) 1,073
Movement in properties held for sale (9,756) (3,439)
Adjustments for investing or financing activities:
Adjustment for properties sold, part of operating activities 2,158 1,096
Purchases of other fixed assets (413) (434)
Purchase of investments 33 (34)
Interest payable 6,262 6,140
Interest receivable (173) (195)
T a xation - 3 4
Current and past service pension costs 77 156
Net cash generated from operating activities 4,946 9,724

Cash flow from investing activities
Purchase of tangible fixed assets (21,740) (21,796)
Capitalised improvement expenditure (2,649) (2,677)
Grants received 4,804 1,255
Repayment (investment) of cash in long notice accounts 769 10,000
Interest received (6) 195
Cash used in investing activities (18,822) (13,023)

32 Broadland Housing Group | Financial Report and Accounts 2020

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