Page 47 - RFU Annual Report 2015/2016

Financial Statements
45

Group Cash Flow Statement
for the year to 30 June 2016
Restated
2016 2015
£m £m

Cash flows from operating activities

Profit/(loss) on ordinary activities after taxation 8.7 (2.0)

Adjustments for:

Amortisation of intangible assets 0.5 0.5
Depreciation of tangible assets 15.2 15.2
Loss on disposal of tangible fixed assets 0.2 0.1
Loss on disposal of intangible fixed assets 0.2 -
Corporation tax charge 1.2 1.2
Interest charge 1.4 0.2
Interest received (0.6) (0.5)
Decrease/(increase) in debtors 30.2 (26.7)
(Decrease)/increase in creditors (140.0) 130.1
Gain on fair value movement of investment properties (0.2) (0.4)
Loss/(gain) on fair value of fixed asset investment 0.2 (0.1)
Corporation tax paid (1.0) (1.3)

Net cash flows from operating activities (84.0) 116.3

Cash flows from investing activities

Purchase of intangible fixed assets (2.4) (1.4)
Purchase of tangible fixed assets (12.2) (36.2)
Loans advanced to clubs (0.8) (1.3)
Loans repaid by clubs 1.1 1.0
Net movements of investments (1.3) (0.5)
Purchase of shares in subsidiary undertaking - (0.5)
Income from investments 0.6 0.5

Net cash flows from investing activities (15.0) (38.4)

Cash flows from financing activities

Draw down/(repayment) of bank loans 24.6 (37.0)
Debentures issued 36.6 0.5
(Decrease)/increase in finance leases (0.7) 1.3
Interest paid (0.5) (0.2)
Dividends paid to non-controlling interests (5.0) (4.8)

Net cash flows from financing activities 55.0 (40.2)

Net (decrease)/increase in cash and cash equivalents (44.0) 37.7

Cash and cash equivalents at beginning of year 71.2 33.5
Cash and cash equivalents at the end of year 27.2 71.2

Cash and cash equivalents at end of year comprise:

Cash at bank and in hand 27.2 71.2

Annual Report 2015/16