INDEX Group
Statement of Cashflows for the year ended 31 March 2021:
Association
2021 2020 2021 2020 £’000 £’000 £’000 £’000
Cash flows from operating activities Operating surplus
92,088
106,988
89,580
93,705
Adjustment for surplus of sale of current asset
(11,615)
(33,672)
(8,014)
(12,285)
Proceeds on sale of current assets
114,836
142,071
35,451
43,079
14,081
16,536
14,081
16,536
35,837
27,555
33,022
25,981
(91,407)
(107,830)
(44,728)
(27,655)
Decrease/ (increase) in debtors
7,275
(5,134)
17,358
(8,326)
Increase in creditors
2,516
1,274
6,540
4,306
Grant amortisation
(5,695)
(6,086)
(5,695)
(5,556)
Pension payments
(35,810)
(7,207)
(35,810)
(7,207)
Proceeds on sale of housing properties Depreciation of tangible fixed assets Increase in properties for sale
Other Net cash from operating activities
(974) (1,879) (192) (399) 121,132
132,616
101,593
122,257
Cash flow from investing activities: Additions to fixed assets and investments
(193,709)
(303,766)
(197,806)
(308,135)
-
-
-
-
(128)
(40,672)
(128)
(40,672)
-
1,055
-
-
154
2,228
154
1,372
78,037
82,011
78,037
82,023
Interest received
155
239
1,826
1,912
Return on Investment
372
-
372
-
Donations to other RP’s Investment Additions Net cash acquired with subsidiary undertaking Proceeds from sale of assets Grants received
(115,119) (258,904) (117,545) (263,500)
Cash flow from financing activities: Interest Paid and other finance costs
(43,261)
(44,955)
(42,265)
(43,535)
(227,018)
(185,934)
(207,570)
(181,884)
Drawdown from loan facilities
260,153
379,517
256,912
376,506
(10,126) 148,628
Loan repaid
72
2020-21 ANNUAL REVIEW AND FINANCIAL STATEMENTS
7,077 151,087
Net change in cash and equivalents
(4,113)
22,339
(8,875)
9,844
Cash and equivalents at beginning of year
56,426
34,087
43,661
33,817
Cash and equivalents at end of year
52,313
56,426
34,786
43,661
Movement in cash and equivalents
(4,113)
22,339
(8,875)
9,844
