24 Notes to consolidated statement of cash flows
2017 £’000
2016 £’000
Profit for the financial year
6,973
9,590
Adjustments for: Tax on profit
1,088
1,647
621
Net interest expense
601
Operating profit
8,682
11,838
(2,266)
Negative goodwill amortisation Purchased goodwill amortisation Amortisation of intangible fixed assets Impairment of intangible fixed assets
(2,266)
11
-
1,956
1,789
178
- -
(550)
Reversal of impairment of tangible fixed assets
1,744
Depreciation of tangible fixed assets Loss on disposal of fixed assets
1,928
4
386
15
Equity settled share-based payment expense
- -
(185)
Grants
Working capital movements: - Decrease in debtors
3,309 6,959 19,857
2,350
- Increase / (decrease) in payables Cash from operating operations
(4,255) 11,770
At 1 Jan 2017
Cash flows
At 31 Dec 2017
Analysis of changes in net cash :
£’000
£’000
£’000
Cash at bank and in hand
37,103
22,903
14,200
25 Notes to company statement of cash flows
2017 £’000
2016 £’000
(Loss)/profit for the financial year
(119)
7
Adjustments for: Tax on profit
8
10 17 34
22
Net interest expense Operating (loss)/profit
(89)
15
Equity settled share-based payment expense
-
Working capital movements: - (Increase) in debtors - (Decrease) in payables Cash from operating operations
(2,614)
(945)
-
(52)
(2,688)
(963)
54 Financials | Whistl Annual Report 2017
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