Annual Report & Accounts - Countrywide Farmers
Annual Report & Accounts - Countrywide Farmers
Annual Report & Accounts - Countrywide Farmers
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Consolidated Cash Flow Statement<br />
For the year ended 31 May 2008<br />
Group Group<br />
2008 2007<br />
Note £000s £000s<br />
Net cash inflow from operating activities (a) 3,052 4,548<br />
Returns on investments and servicing of finance<br />
Interest received 91 176<br />
Interest paid (722) (1,314)<br />
Interest element of finance lease payments (30) (57)<br />
Dividend paid to minority interests (8) (9)<br />
(669) (1,204)<br />
Taxation<br />
Corporation tax paid (2,044) -<br />
Capital expenditure and financial investment<br />
Purchase of tangible fixed assets (2,692) (2,162)<br />
Sale of tangible fixed assets 4,507 -<br />
1,815 5,581<br />
Acquisitions and disposals<br />
Goodwill purchased - (80)<br />
Cost of business acquired (1,975) -<br />
Sale of investments - 12<br />
(1,975) (68)<br />
Net cash inflow before use of liquid resources and financing 179 8,857<br />
Financing<br />
(Decrease) in Members' loans (1) (3)<br />
(Decrease) in Members' Retirement Scheme (37) (23)<br />
(Decrease) in finance loans - (4)<br />
Repayment of loans (4,100) (700)<br />
Capital element of finance lease payments (51) (316)<br />
Net cash (outflow) from financing (4,189) (1,046)<br />
(Decrease)/Increase in cash for the period (b) (4,010) 7,811<br />
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