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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

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