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CASH FLOW STATEMENT
AT 30 APRIL 2016
NOTE
30 APRIL
30 APRIL
2016
2015
£
£
Net cash flows from operating activities
12
69,271
1,623,898
Corporation tax paid
(102,709)
(81,319)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of equipment
(371,172)
(2,050,313)
Net cash flows from investing activities
(371,172)
(2,030,313)
CASH FLOWS FROM FINANCING ACTIVITIES
Grants received
453,370
1,574,931
Repayment of borrowings to IRFU (Dublin)
(829,666)
—
Drawdown of funds from IRFU (Dublin)
—
20,030
Net cash flows from financing activities
(376,296)
1,594,961
Net increase/(decrease) in cash and cash equivalents
780,906
1,087,227
Cash and cash equivalents at beginning of year
2,402,063
1,314,836
Cash and cash equivalents at end of year
1,621,157
2,402,063
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