Annual Report 2001~ 2002 - Belfast Education & Library Board

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 200222. NOTES TO THE CASH FLOW STATEMENT(i) Reconciliation of operating surplus/(deficit) to cash flow fromoperating activities2002 2001£ £(Deficit) for the year (26,698,127) (24,464,242)Deficit Grant Received 1,142,181 -Proceeds of Sale of Assets 826,000 -Depreciation (note 11) 7,827,741 6,821,702Government grant release (note 20) (7,827,741) (6,821,702)Impairment of assets (note 11) 2,776,810 -Government grant impairment release (note 20) (2,776,810) -Loss on disposal of assets other than land and buildings - 11,787Government grant release relating to the disposal of assets other - (11,787)than land and buildings (note 20)Interest payable (note 10) 11,121 14,302Interest receivable (41,221) (87,465)Notional Costs (note 8) 25,521,182 24,294,206Decrease/(increase) in stocks 7,310 1,218(Increase)/decrease in debtors (6,090,969) (2,643,629)Decrease/(increase) in prepayments and accrued income (20,207,310) 325,514Increase/(decrease) in creditors 2,330,586 774,668Increase/(decrease) in other taxation and social security 26,968 521,400Increase/(Decrease) in accruals 17,713,869 2,595,965(Decrease)/Increase in provisions 248,264 (486,917)Net cash inflow from operating activities (5,210,146) 845,020(ii) Returns on investment and servicing of financeInterest received 41,221 87,465Interest paid on finance leases - -Other interest paid (11,121) (14,302)30,100 73,163(iii) Capital expenditure and financial investmentPayments to acquire tangible fixed assets (5,328,569) (4,322,173)Capital grants received 4,591,000 4,618,371Receipts from sale of tangible fixed assets 700,294 1,185(37,275) 297,383(iv) FinancingCapital element of finance lease rental payments - -Increase in deficit loan - -- -56 Annual Report 2001~ 2002