Annual Report and Accounts - The Great Western Hospital

Great Western Hospitals NHS Foundation Trust
Accounts for the year ended 31 March 2012
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2012
Restated
Year Ended
Year Ended
31 March 31 March
2012 2011
Notes £000 £000
Cash flows from operating activities
Operating surplus from continuing operations 15,201 14,877
Depreciation and amortisation 7,872 7,536
Amortisation of PFI credit 114 0
Increase in inventories (1,019) (664)
(Increase) / decrease in trade and other receivables (5,242) 4,491
Increase in trade and other payables 5,195 281
Increase / (decrease) in other liabilities 180 (633)
Increase / (decrease) in provisions 406 (721)
NET CASH GENERATED FROM OPERATIONS 22,706 25,167
Cash flows from investing activities
Interest received 333 87
Purchase of Property, Plant and Equipment (3,337) (8,452)
Net cash used in investing activities (3,004) (8,365)
Cash flows from financing activities
Capital element of Private Finance Initiative Obligations (1,425) (2,595)
Interest paid (57) (100)
Interest element of Finance Leases (39) 0
Interest element of Private Finance Initiative Obligations (13,738) (14,002)
PDC dividends paid (1,185) (1,063)
Net cash generated (used in) financing activities (16,443) (17,760)
Increase/(decrease) in cash and cash equivalents 3,259 (958)
Cash and cash equivalents at 1 April 2011 11,223 12,181
Cash and cash equivalents at 31 March 2012 19 14,482 11,223
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