Directors' Report and Financial Statements Structures and Statistics ...

92 ITB Financial Statements 2000–2001
Notes to the Financial Statements continued
Year ended Period ended Year ended Period ended
31 August 01 31 August 00 31 August 2001 31 August 00
17 AMOUNTS IN CASH FLOW STATEMENTS
Amounts included in Cash flow Statement
are reconciled as follows:
(a) NET CASH INFLOW(OUTFLOW) FROM OPERATIONS
305 176 Operating Surplus/(Deficit) 240 139
50 (251) (Increase)/Decrease in Debtors 40 (198)
(48) (10) (Decrease)/Increase in Creditors (38) (8)
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307 (85) 242 (67)
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(b) INCREASE/(DECREASE) IN CASH
AND CASH EQUIVALENTS
Cash at bank and in Hand
46 131 Opening Balance 36 103
353 46 Closing Balance 278 36
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307 (85) 242 (67)
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(c) NET CASH INFLOW(OUTFLOW)
FROM STUDENT MAINTENANCE GRANTS
163 48 Cash received from Department of Education and Science 129 38
167 64 Cash Payments to Students 132 50
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(4) (16) (3) (12)
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18 EMPLOYEES
The average number of employees (whole-time equivalents) during the period was ….113
19 APPROVAL OF FINANCIAL STATEMENTS
The financial statements were approved by the Governing Body on the 12th March 2003.