Consolidated statement of cash flows for the year ended 31 December 2016
Financials
2016
2015
£’000
Notes
£’000
12,733
Net cash from operating activities
21
(446)
(85)
Taxation receipt/ (paid)
2,488 2,042
Net cash generated from operating activities
12,648
Cash flows from investing activities Proceeds from sale of tangible assets
464
14
(3,212)
Purchases of intangible assets Purchases of tangible assets
(1,408) (1,407)
(827)
30
Interest received
80
Net cash from investing activities
(3,545)
(2,721)
Cash flows from financing activities Issue of ordinary share capital
- -
13,100
Repayment of loan
(13,159)
(614) (614)
Interest paid and similar expenses Net cash used in financing activities
(370) (429)
Net increase/ (decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of year
8,489 14,414 22,903
(1,108)
15,522 14,414
Cash and cash equivalents at end of year
Cash and cash equivalents consists of: Cash at bank and in hand
22,903 22,903
14,414 14,414
Cash and cash equivalents
The notes on pages 36 to 48 form part of these financial statements.
Financials | Whistl Annual Report 2016
35
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