5949 Whistl Annual Report FINAL

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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