VHE Holdings PLC
12 June 2001
PART 3
VHE HOLDINGS PLC
GROUP CASH FLOW STATEMENT
For the Year Ended 31 March 2001
2001 2000
£'000 £'000
Net cash (outflow)/inflow from operating activities (205) 4,177
Returns on investments and servicing of finance
Bank interest received 59 49
Interest paid on Bank and other loans (373) (481)
Interest paid on finance leases and hire purchase agreements (38) (69)
Net cash outflow on investments and servicing of finance (352) (501)
Taxation
UK corporation tax received/(paid) 56 (292)
Capital expenditure
Purchase of tangible fixed assets (150) (127)
Sale of tangible fixed assets 256 733
106 606
Equity dividends paid - -
Net cash (outflow)/inflow before financing (395) 3,990
Financing
Repayment of loans (607) (629)
Repayment of principal under finance leases
and hire purchase agreements (547) (813)
Net cash (outflow) from financing (1,154) (1,442)
(Decrease)/Increase in cash (1,549) 2,548
Reconciliation of operating profit/(loss) to net cash outflow
from operating activities
Year ended Year ended
31 March 2001 31 March 2000
£'000 £'000
Operating profit/(loss) 1,389 (7,325)
Depreciation, amortisation of grants and
profit on sales of tangible fixed assets 673 1,055
Decrease in stocks 91 395
Decrease in debtors 1,016 10,221
(Decrease) in creditors (3,374) (169)
(Outflow)/Inflow from operating activities (205) 4,177
Analysis of net debt
At 1 April Cash Flow Other non-cash At 31 March
2000 changes 2001
£'000 £'000 £'000 £'000
Cash at bank and in hand 1,129 (1,549) - (420)
Debt due after one year (800) 800 -
Debt due within one year (607) 607 (800) (800)
Finance leases and hire
purchase agreements (656) 547 (363) (472)
Net Debt (934) (395) (363) (1,692)
Reconciliation of net cashflow to movement in net debt
Year ended Year ended
31 March 2001 31 March 2000
£'000 £'000
(Decrease)/Increase in cash in the period (1,549) 2,548
Cash outflow from decrease in debt 1,154 1,442
Change in net debt resulting from cashflows (395) 3,990
Other non-cash items:
New finance leases (363) (376)
Movement in net debt in the period (758) 3,614
Net debt at beginning of period (934) (4,548)
Net debt at end of period (1,692) (934)
MORE TO FOLLOW