j237504-13.htm

Cash Flow Statement for the year ended 31 March 2012
note 2011-12 2010-11
£’000 £’000
(A) Cash flows from operating activities
Net operating cost SoCNE (1,557,323) (1,547,206)
Adjustments for non-cash transactions 4/5 63,507 44,588
Decrease / (Increase) in trade and other receivables 13 18,812 (32,427)
Increase / (Decrease) trade and other payables 13 (64,026) (8,557)
Use in provisions 13 (15,549) 6,634
Adjustment for the interest element of the PFI contract 5 27,250 14,949
Net cash outflow from operating activities (1,527,329) (1,522,020)
(B) Cash flows from investing activities
Purchase of property, plant and equipment 7 (492,510) (216,021)
Purchase of intangible assets 8 (350) (17)
Transfer of PPE to Assets Held For Sale 0 441
Loss on disposal of property, plant and equipment 4 49 0
Capital element of land provision 0 (44,278)
Voted loans 9 (5,022) (8,764)
Net cash outflow from investing activities (497,833) (268,639)
(C) Cash flows from financing activities
Funding from the Scottish Government SoCTE 1,782,987 1,809,985
Capital element of payments in respect of finance leases and on balance sheet PFI contracts 13 269,425 (4,377)
Interest element of the PFI contracts 5 (27,250) (14,949)
Net Financing 2,025,162 1,790,659
Net Increase/ (Decrease) in cash and cash equivalents in the period 0 0
Cash and cash equivalents at the beginning of the period 0 0
Cash and cash equivalents at the end of the period 0 0