57
City of Glasgow College Annual Report & Accounts 2020-21
CITY OF GLASGOW COLLEGE
STATEMENT OF CASH FLOWS
For the Year Ended 31 July 2020 12 months ended 12 months ended
31 July 2021 31 July 2020
Notes £000 £000
(4,145) (4,720)
Adjusting for Non cash items
Depreciation 15,16 5,246 8,645
Revaluation - Impairment
16 678 Disposals
- (Increase)/Decrease
in stock (7) (13)
(Increase)/Decrease in debtors 18 (508) (656)
Increase/(Decrease) in creditors 19 3,982 2,075
(Decrease)/Increase in provisions 22 (220) (9)
(Decrease) in Restricted Reserve 23 (26) (38)
Net return on pension liability 24 4,697 2,433
Adjusting for Investing or Financing
Capital Grants Income (1,116) (2,266)
Interest receivable - Interest
payable 14 13,653 13,925
Net cash inflow from operating activities 22,234 19,376
Cash flows from investing activities
Cash payments made to acquire tangible fixed assets 16 (2,407) (26)
Capital grants received 2,095 40
Cash flows from financing activities
Interest paid 14 (350) (174)
Interest element of finance lease and services
concession payments (13,303) (13,751)
Finance lease creditor 16 - Capital
element of finance lease and services
concession payments 16 (5,011) (4,700)
(18,976) (18,611)
activities
Increase in cash and cash equivalents 3,258 765
for the year
Cash and cash equivalents at start of year 25 8,992 8,227
Cash and cash equivalents at end of year 25 12,250 8,992
Cash inflow from operating activities
Surplus/(Deficit) for the year
Net cash (Outflow) from investments & financing