53
City of Glasgow College Annual Report & Accounts 2019-20
CITY OF GLASGOW COLLEGE
STATEMENT OF CASH FLOWS
For the Year Ended 31 July 2020 12 months ended 12 months ended
31 July 2020 31 July 2019
Notes £000 £000
(4,720) (6,576)
Adjusting for Non cash items
Depreciation 15,16 8,645 9,960
Revaluation - Impairment
16 - 123
Disposals - 3,938
(Increase)/Decrease in stock (13) (5)
(Increase)/Decrease in debtors 18 (656) 1,131
Increase/(Decrease) in creditors 19 2,075 (1,213)
(Decrease)/Increase in provisions 22 (9) (36)
(Decrease) in Restricted Reserve 23 (38) (21)
Net return on pension liability 24 2,433 2,724
Adjusting for Investing or Financing
Capital Grants Income (2,266) (4,159)
Interest receivable - Interest
payable 14 13,925 14,167
Net cash inflow from operating activities 19,376 20,033
Cash flows from investing activities
Cash payments made to acquire tangible fixed assets 16 (26) (897)
Capital grants received 40 575
Cash flows from financing activities
Interest paid 14 (174) 1
Interest element of finance lease and services
concession payments (13,751) (14,167)
Finance lease creditor 16 - Capital
element of finance lease and services c
concession payments 16 (4,700) (4,366)
(18,611) (18,854)
activities
Increase in cash and cash equivalents 765 1,179
for the year
Cash and cash equivalents at start of year 25 8,227 7,048
Cash and cash equivalents at end of year 25 8,992 8,227
Cash inflow from operating activities
(Deficit) for the year
Net cash (Outflow) from investments & financing