Group cash flow statement for the year ended 31 December 2022
|
Reconciliation of net income to net cash flow from operating activities |
2022 £’000 |
2021 £’000 |
|
Net income for the reporting period as per the statement of financial activities (excluding cash flow from endowments) |
40,871 |
9,063 |
|
Adjustments for: |
|
|
|
Depreciation |
393 |
361 |
|
Impairment Loss |
_ |
1,430 |
|
Decrease/(Increase) in stocks |
_ |
58 |
|
Decrease/(Increase) in debtors |
(11,002) |
(238) |
|
(Decrease)/Increase in creditors |
3,537 |
11,006 |
|
(Gains)/Loss on foreign exchange |
4,266 |
(2,640) |
|
Net cash provided by operating activities |
38,065 |
19,040 |
|
Cash flows from investing activities |
|
|
|
Purchase of intangibles |
(847) |
_ |
|
Purchase of property, plant and equipment |
(587) |
(391) |
|
Proceeds from the sale of property, plant and equipment |
(17) |
28 |
|
Net cash provided by (used in) investing activities |
(1,451) |
(363) |
|
Cash flows from financing activities |
|
|
|
Endowment (waqf) |
85 |
351 |
|
Net cash provided by financing activities |
85 |
351 |
|
Net increase in cash and cash equivalents |
36,699 |
19,028 |
|
Cash and cash equivalents at the beginning of the reporting period |
92,687 |
71,019 |
|
Change in cash and cash equivalents due to exchange rate movements |
(4,266) |
2,640 |
|
Cash and cash equivalents at the end of the reporting period |
125,120 |
92,687 |
|
Consisting of: |
|
|
|
Cash at bank and in hand |
125,120 |
92,687 |
