London Borough of Havering Draft Statement of Accounts 2020/21
Cash Flow Statement as at 31 March 2021 The Cash Flow statement shows the changes in cash and cash equivalents of the Authority and the Group during the reporting period. The statement shows how the Authority / Group generates and uses cash and cash equivalents by classifying cash flows as; operating, investing and financing activities. The amount of net cash flows arising from operating activities is a key indicator of the extent to which the operations of the Authority / Group are funded by way of taxation and grant income or from the recipients of services provided by the Authority. Investing activities represent the extent to which cash outflows have been made for resources which are intended to contribute to the Authority’s future service delivery. Cash flows arising from financing activities are useful in predicting claims on future cash flows by providers of capital (i.e. borrowing) to the Authority. 2019/20 Authority £000 9,644
2019/20
Note
Group £000
9,014 Net surplus on the provision of services
2020/21
2020/21
£000
£000
Authority
Group
36,405
40,171
62,264
77,306
Adjust net surplus or deficit on the provision of services for non-cash movements
26
3,889
2,746
(44,360)
(44,360)
Adjust for items included in the net surplus or deficit on the provision of services that are investing and financing activities
26
(35,287)
(35,287)
5,007
7,630
27
(28,645)
(27,062)
28
4,749
4,749
(18,889)
(14,683)
27,548 (90,090) 62,628 86
41,960 Net cash flows from Operating Activities (103,658) Investing activities 62,628 Financing activities 930 Net increase /(decrease) in cash and cash equivalents
26,664
26,930 Cash and cash equivalents at the beginning of the reporting period
20
26,750
27,860
26,750
27,860 Cash and cash equivalents at the end of the reporting period
20
7,861
13,177
30
